The effects of four alternative price stabilization programs for soybeans are compared using a rational expectations model and simulation. For a given government expenditure, subsidized private storage is the most efficient way to stabilize market price. For a given deadweight loss, a program of direct payments is the most efficient stabilizer of the effective farm price; this program does not stabilize market price. All four programs, including a buffer stock program and one involving both direct payments and buffer stocks, tend to destabilize quasi-rent. Programs that involve an initial build-up of stocks increase producer benefits and hurt consumers. Key words: buffer, price, programs, soybeans, stabilization, storage. Even though the su...
I solve numerically for stationary rational-expectations equilibria of a two-country, non-linear mod...
The concept of a stable world grain market was shattered by the events of the early 1970s, generally...
Typescript (photocopy).The objective of this study was to develop a commodity-specific policy simula...
In this paper, the authors analyze the effects of commodity programs in which the government attempt...
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...
This staff paper describes research on grain reserve stocks as a means of achieving price stability....
Interest-rate subsidies have been used to stimulate commodity stockholding, with the intention of st...
Price support programs have been the foundation of agricultural policies in the U.S. since the Agric...
This paper is a study of price stabilization in the staple food distribution system. All stak...
Corn and soybean markets were analyzed with a multi-period, stochastic simulation model. Elimination...
Should countries allow foodgrain prices to fluctuate freely or should they intervene to stabilize do...
The main objects here are markets with stochastic demand and supply. Agriculture provides prime inst...
The federal government currently runs two major price support programs in agriculture, the marketing...
© 2020 Walter de Gruyter GmbH, Berlin/Boston 2020. We revisit the underlying economics of commodity ...
I solve numerically for stationary rational-expectations equilibria of a two-country, non-linear mod...
The concept of a stable world grain market was shattered by the events of the early 1970s, generally...
Typescript (photocopy).The objective of this study was to develop a commodity-specific policy simula...
In this paper, the authors analyze the effects of commodity programs in which the government attempt...
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...
This staff paper describes research on grain reserve stocks as a means of achieving price stability....
Interest-rate subsidies have been used to stimulate commodity stockholding, with the intention of st...
Price support programs have been the foundation of agricultural policies in the U.S. since the Agric...
This paper is a study of price stabilization in the staple food distribution system. All stak...
Corn and soybean markets were analyzed with a multi-period, stochastic simulation model. Elimination...
Should countries allow foodgrain prices to fluctuate freely or should they intervene to stabilize do...
The main objects here are markets with stochastic demand and supply. Agriculture provides prime inst...
The federal government currently runs two major price support programs in agriculture, the marketing...
© 2020 Walter de Gruyter GmbH, Berlin/Boston 2020. We revisit the underlying economics of commodity ...
I solve numerically for stationary rational-expectations equilibria of a two-country, non-linear mod...
The concept of a stable world grain market was shattered by the events of the early 1970s, generally...
Typescript (photocopy).The objective of this study was to develop a commodity-specific policy simula...