Abstract
Nowadays, agriculture and food policies are trying to re-organise and re-shape production, processing, and consumption of food in Europe. These regulations answer to different models and come from different regulatory actors, such as the State or the European Commission. They promote specific institutional frameworks that may support the creation of nested markets controlled by local communities or commodity markets controlled by agro-food empires. Our paper demonstrates that nested markets are the right response for market failures. They successfully support local food governance and promote sustainable territorial development through the collective management of the common pool resource (CPRs).
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