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The Value of Price Stabilization Policy for Cotton Producers in Burkina Faso

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  • Gouzaye, Amadou
  • Vitale, Jeffrey D.
  • Epplin, Francis M.
  • Adam, Brian D.
  • Stoecker, Arthur L.

Abstract

Economic returns to Burkina Faso cotton producers from selling to the government parastatal are compared to those that could be obtained by selling on the international spot market. Based on historical prices, for certain levels of risk aversion, the parastatal price would be preferred to the international spot price.

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Bibliographic Info

Paper provided by Southern Agricultural Economics Association in its series 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida with number 142882.

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Date of creation: 2013
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Handle: RePEc:ags:saea13:142882

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Keywords: Marketing;

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  1. Abdoulaye, Tahirou & Sanders, John H., 2006. "New technologies, marketing strategies and public policy for traditional food crops: Millet in Niger," Agricultural Systems, Elsevier, vol. 90(1-3), pages 272-292, October.
  2. Catherine Pattillo & Måns Söderbom, 2000. "Managerial Risk Attitudes and Firm Performance in Ghanaian Manufacturing: an Empirical Analysis Based on Experimental Data," CSAE Working Paper Series 2000-17, Centre for the Study of African Economies, University of Oxford.
  3. Moschini, GianCarlo, 2001. "Production Risk and the Estimation of Ex Ante Cost Functions," Staff General Research Papers 1922, Iowa State University, Department of Economics.
  4. Meyer, Jack, 1987. "Two-moment Decision Models and Expected Utility Maximization," American Economic Review, American Economic Association, vol. 77(3), pages 421-30, June.
  5. David Tschirley & Colin Poulton & Patrick Labaste, 2009. "Organization and Performance of Cotton Sectors in Africa : Learning from Reform Experience," World Bank Publications, The World Bank, number 2604, October.
  6. Harry Markowitz, 1952. "Portfolio Selection," Journal of Finance, American Finance Association, vol. 7(1), pages 77-91, 03.
  7. Jeffrey Vitale & Marc Ouattarra & Gaspard Vognan, 2011. "Enhancing Sustainability of Cotton Production Systems in West Africa: A Summary of Empirical Evidence from Burkina Faso," Sustainability, MDPI, Open Access Journal, vol. 3(8), pages 1136-1169, July.
  8. Levy, H & Markowtiz, H M, 1979. "Approximating Expected Utility by a Function of Mean and Variance," American Economic Review, American Economic Association, vol. 69(3), pages 308-17, June.
  9. repec:fth:oxesaf:2000-17 is not listed on IDEAS
  10. Warning, Matthew & Key, Nigel, 2002. "The Social Performance and Distributional Consequences of Contract Farming: An Equilibrium Analysis of the Arachide de Bouche Program in Senegal," World Development, Elsevier, vol. 30(2), pages 255-263, February.
  11. Baquedano, Felix G. & Sanders, John H. & Vitale, Jeffrey, 2010. "Increasing incomes of Malian cotton farmers: Is elimination of US subsidies the only solution?," Agricultural Systems, Elsevier, vol. 103(7), pages 418-432, September.
  12. Rolfo, Jacques, 1980. "Optimal Hedging under Price and Quantity Uncertainty: The Case of a Cocoa Producer," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 100-116, February.
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