IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v66y1984i4p447-455..html
   My bibliography  Save this article

Anti-Hoarding Laws: A Stock Condemnation Reconsidered

Author

Listed:
  • Brian D. Wright
  • Jeffrey C. Williams

Abstract

Economists have regarded anti-hoarding laws as irrational reactions to nonexistent monopoly in the storage of grain. This paper shows that anti-hoarding laws cannot be rationally directed against a monopolistic storer, for he will always store less, not more, than would be stored under competition. But seemingly perverse competitive storage, in the form of excessive stockholding, can arise when a price ceiling distorts the market. Additional public storage exacerbates this perverse private behavior, and may even induce behavior that appears to be active market manipulation. Under such circumstances, anti-hoarding laws can be desirable second-best measures.

Suggested Citation

  • Brian D. Wright & Jeffrey C. Williams, 1984. "Anti-Hoarding Laws: A Stock Condemnation Reconsidered," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(4), pages 447-455.
  • Handle: RePEc:oup:ajagec:v:66:y:1984:i:4:p:447-455.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1240923
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Matthias Kalkuhl & Lukas Kornher & Marta Kozicka & Pierre Boulanger & Maximo Torero, 2013. "Conceptual framework on price volatility and its impact on food and nutrition security in the short term," FOODSECURE Working papers 15, LEI Wageningen UR.
    2. Myers, Robert J., 2013. "Evaluating the effectiveness of inter-regional trade and storage in Malawi’s private sector maize markets," Food Policy, Elsevier, vol. 41(C), pages 75-84.
    3. Kornher, Lukas & Kalkuhl, Matthias, 2013. "Food Price Volatility in Developing Countries and its Determinants," Quarterly Journal of International Agriculture, Humboldt-Universitaat zu Berlin, vol. 52(4), pages 1-32, November.
    4. Mitraille, Sébastien & Thille, Henry, 2014. "Speculative storage in imperfectly competitive markets," International Journal of Industrial Organization, Elsevier, vol. 35(C), pages 44-59.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:66:y:1984:i:4:p:447-455.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.