IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v70y1988i3p604-615..html
   My bibliography  Save this article

Benefits from Price Stabilization to Producers and Processors: The Australian Buffer-Stock Scheme for Wool

Author

Listed:
  • Mike Hinchy
  • Brian S. Fisher

Abstract

In much of the stabilization literature emphasis has been placed on the impact of stabilization schemes on producers. However, such schemes may also have significant implications for processors and consumers. In this paper the Newbery and Stiglitz approach is extended to demonstrate the effects of both demand and supply instability using the Australian buffer-stock scheme for wool as a case study. It is shown that both producers and processors are likely to gain from price stabilization.

Suggested Citation

  • Mike Hinchy & Brian S. Fisher, 1988. "Benefits from Price Stabilization to Producers and Processors: The Australian Buffer-Stock Scheme for Wool," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(3), pages 604-615.
    • Handle: RePEc:oup:ajagec:v:70:y:1988:i:3:p:604-615.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1241499
    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. Villoria, Nelson & Lee, David R., 2002. "The Andean Price Band System: Effects On Prices, Protection And Producer Welfare," 2002 Annual meeting, July 28-31, Long Beach, CA 19751, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Waschik, Robert & Fraser, Iain, 2007. "A computable general equilibrium analysis of export taxes in the Australian wool industry," Economic Modelling, Elsevier, vol. 24(4), pages 712-736, July.
    3. Quiggin, John C. & Fisher, Brian S., 1989. "Generalised Utility Theories - Implications for Stabilisation Policy," 1989 Conference (33rd), February 7-9, 1989, Christchurch, New Zealand 144819, Australian Agricultural and Resource Economics Society.
    4. Fraser, Rob W. & Murrell, A.J., 1990. "The Australian Wool Corporation's Reserve Price Scheme: An Assessment of Price Stabilisation and Producer Benefits," 1990 Conference (34th), February 13-15, 1990, Brisbane, Australia 145082, Australian Agricultural and Resource Economics Society.
    5. Myers, Robert J. & Piggott, Roley R. & Tomek, William G., 1990. "Estimating Sources Of Fluctuations In The Australian Wool Market: An Application Of Var Methods," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 34(3), pages 1-21, December.
    6. Moir, Brian & Piggott, Roley R., 1991. "Combinations Of Buffer-Stocks And Buffer-Funds For Wool Price Stabilisation In Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(1), pages 1-13, April.

    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:70:y:1988:i:3:p:604-615.. 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.