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La variabilité des prix internationaux de base : les marchés sont-ils efficaces

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  • Fulponi, Linda

Abstract

Reforms in agricultural policy porposed by OECD Ministers in 1987 and elaborated in subsequent Ministerial meetings aim to place greater reliance on market rather than institutionally-set prices. As a result of reforms, producers of agricultural products will be obliged to refer to prices determined in, or influenced by, international commodity exchanges in making their decisions. One of the arguments for greater reliance on market-determined prices is that these will provide more accurate signals of fundamental market conditions and thus will generate an efficient allocation of resources. In this context, price variability may likely be an important issue. To the extent that market prices will increasingly guide decisions, price variability, particularly in the short to medium term, merits examination.

Suggested Citation

  • Fulponi, Linda, 1994. "La variabilité des prix internationaux de base : les marchés sont-ils efficaces," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 219.
    • Handle: RePEc:ags:ersfer:351875
    DOI: 10.22004/ag.econ.351875
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    References listed on IDEAS

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    Cited by:

    1. Griffon, Michel, 2000. "Les pays en développement et l'économie internationale dans la revue Economie rurale de 1949 à 1999," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 255.
    2. Voituriez, Tancrède, 1998. "Dynamique non linéaire du marché mondial des huiles et des graisses," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 243.

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