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The Relationship Between Price Stabilization And Cycles In The Canadian Wheat Market

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  • Clark, J. Stephen
  • Klein, Kurt K.

Abstract

In this study, moving average price stabilization schemes were analyzed under the assumption of rational expectations. It was shown that moving average price schemes may induce cyclical behavior into market prices where no cyclical pattern previously existed. Moving average price stabilization schemes are important to Canadian agricultural policy analysis because they are a characteristic of stabilization programs in Canada. Indeed, the Agricultural Stabilization Act, introduced in 1975, and the Gross Revenue Insurance Program, introduced in 1991, use moving average prices to calculate returns to producers.

Suggested Citation

  • Clark, J. Stephen & Klein, Kurt K., 1993. "The Relationship Between Price Stabilization And Cycles In The Canadian Wheat Market," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 23(01), pages 1-7, April.
    • Handle: RePEc:ags:arerjl:31316
    DOI: 10.22004/ag.econ.31316
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    File URL: https://ageconsearch.umn.edu/record/31316/files/23010022.pdf
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    References listed on IDEAS

    as
    1. Hansen, Lars Peter, 1982. "Large Sample Properties of Generalized Method of Moments Estimators," Econometrica, Econometric Society, vol. 50(4), pages 1029-1054, July.
    2. Zvi Eckstein, 1985. "The Dynamics of Agriculture Supply: A Reconsideration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(2), pages 204-214.
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    Cited by:

    1. Julio César Alonso Cifuentes & Andrés Mauricio Arcila Vásquez & Sebastián Montenegro Arana, 2017. "Internal price stabilization tools in the Colombian sugar market: Do they work?," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 86, pages 105-126, Enero - J.
    2. Julio César Alonso Cifuentes & Andr�s Mauricio Arcila V�squez & Sebasti�n Montenegro Arana, 2016. "Herramientas de estabilización de los precios internos del azúcar en Colombia: ¿Funcionan?," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 86, pages 105-126.

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