Add to ORKGThe main objects here are markets with stochastic demand and supply. Agriculture provides prime instances. A key concern is how a buffer agency may learn to stabilize prices. We model such learning and identify conditions under which the process may generate necessary input for comparative welfare analysis
The concept of a stable world grain market was shattered by the events of the early 1970s, generally...
Should countries allow foodgrain prices to fluctuate freely or should they intervene to stabilize do...
In the context of (a) stability in domestic maize production, (b) a significant divergence between i...
The main objects here are markets with stochastic demand and supply. Agriculture provides prime inst...
Much previous work on agricultural stabilization has emphasized price stabilization. Stabilization i...
Price stabilization is an important policy goal of government intervention in competitive markets. T...
It is the aim of this paper to suggest an alternative framework for the analysis of commodity stabil...
I solve numerically for stationary rational-expectations equilibria of a two-country, non-linear mod...
The effects of four alternative price stabilization programs for soybeans are compared using a ratio...
International audienceMost economists coverage on the idea that commodity price instability should b...
The last few years have witnessed a phenomenal increase in price instability for final goods produce...
Most agricultural policy analysis assumes that markets are perfectly competitive, despite increasing...
This paper evaluates stabilization policies by applying methods of stochastic control and dynamic an...
We show that price level stabilization is not optimal in an economy where agents have incomplete kn...
This paper uses a simulation model to measure the size of the social welfare gains from price stabil...
The concept of a stable world grain market was shattered by the events of the early 1970s, generally...
Should countries allow foodgrain prices to fluctuate freely or should they intervene to stabilize do...
In the context of (a) stability in domestic maize production, (b) a significant divergence between i...
The main objects here are markets with stochastic demand and supply. Agriculture provides prime inst...
Much previous work on agricultural stabilization has emphasized price stabilization. Stabilization i...
Price stabilization is an important policy goal of government intervention in competitive markets. T...
It is the aim of this paper to suggest an alternative framework for the analysis of commodity stabil...
I solve numerically for stationary rational-expectations equilibria of a two-country, non-linear mod...
The effects of four alternative price stabilization programs for soybeans are compared using a ratio...
International audienceMost economists coverage on the idea that commodity price instability should b...
The last few years have witnessed a phenomenal increase in price instability for final goods produce...
Most agricultural policy analysis assumes that markets are perfectly competitive, despite increasing...
This paper evaluates stabilization policies by applying methods of stochastic control and dynamic an...
We show that price level stabilization is not optimal in an economy where agents have incomplete kn...
This paper uses a simulation model to measure the size of the social welfare gains from price stabil...
The concept of a stable world grain market was shattered by the events of the early 1970s, generally...
Should countries allow foodgrain prices to fluctuate freely or should they intervene to stabilize do...
In the context of (a) stability in domestic maize production, (b) a significant divergence between i...