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Provedor de dados:  AgEcon
País:  United States
Título:  AN ECONOMETRIC EVALUATION OF STABILIZATION POLICIES FOR THE U.S. GRAIN MARKET
Autores:  Arzac, Enrique R.
Data:  2003-12-29
Ano:  1979
Palavras-chave:  Crop Production/Industries
Resumo:  This paper evaluates stabilization policies by applying methods of stochastic control and dynamic analysis to an econometric model of the U.S. grain market. Its main results are: (1) the aggregate consumer and producer surplus generated by the model is insensitive to the choice of the market regime; (2) policies directed to stabilize prices at levels compatible with nondecreasing farm revenue require the management of both grain inventories and domestic supply; (3) price fluctuations are significantly less under optimal stabilization than in the unregulated version of the model; and (4) historical policies have destabilizing effects on the market model.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  11906

http://purl.umn.edu/32430
Editor:  AgEcon Search
Relação:  Western Journal of Agricultural Economics>Volume 04, Number 01, July 1979
Formato:  14

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