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Market support schemes and their interaction: the case of the wool industry

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  • Malcolm Abbott

Abstract

The focus of this paper is on the conduct and collapse of the Australian, South African and New Zealand wool price stabilisation schemes and the manner in which they interrelated. In particular the degree to which the Australian Wool Corporation acted as a market leader in price determination is analysed and the manner in which the South African and New Zealand authorities acted as free riders to the Australian scheme.

Suggested Citation

  • Malcolm Abbott, 2013. "Market support schemes and their interaction: the case of the wool industry," Agrekon, Taylor & Francis Journals, vol. 52(3), pages 63-82, September.
    • Handle: RePEc:taf:ragrxx:v:52:y:2013:i:3:p:63-82
    DOI: 10.1080/03031853.2013.821743
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    Cited by:

    1. Abbott, Malcolm & Merrett, David, 2019. "Counting the cost: the reserve price scheme for wool 1970-2001," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(4), October.

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