| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
CONTRADICTORY PREDICTIONS ON SUPPLY RESPONSE UNDER STABILIZATION: A RECONCILIATION
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| Autores: |
Quiggin, John C.
|
| Data: |
2006-10-11
|
| Ano: |
1991
|
| Palavras-chave: |
Risk and Uncertainty
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| Resumo: |
Two separate bodies of literature on stabilization give radically different results, yet these contradictions have not attracted any attention. The first arises from the neoclassical theory of stabilization and predicts that beneficial stabilization will always attract positive supply response. The second arises from the work of Newbery and Stiglitz and predicts 'perverse' supply response for highly risk averse producers. In this paper, the differences which yield these results are described and some suggestions are made for a generalized model.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
23984
http://purl.umn.edu/22619
|
| Editor: |
AgEcon Search
|
| Relação: |
Australian Journal of Agricultural Economics>Volume 35, Number 03, December 1991
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| Formato: |
10
application/pdf
|
|
