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The Pricing Mechanism of Primary Commodities since the 1970s


  • Kuchiki, Akifumi


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Suggested Citation

  • Kuchiki, Akifumi, 1990. "The Pricing Mechanism of Primary Commodities since the 1970s," The Developing Economies, Institute of Developing Economies, Japan External Trade Organization(JETRO), vol. 28(1), pages 95-110, March.
  • Handle: RePEc:jet:deveco:v:28:y:1990:i:1:p:95-110

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    References listed on IDEAS

    1. Nabli, Mustapha K. & Nugent, Jeffrey B., 1989. "The New Institutional Economics and its applicability to development," World Development, Elsevier, vol. 17(9), pages 1333-1347, September.
    2. Joseph E. Stiglitz, 1974. "Incentives and Risk Sharing in Sharecropping," Review of Economic Studies, Oxford University Press, vol. 41(2), pages 219-255.
    3. Leach, Melissa & Mearns, Robin & Scoones, Ian, 1999. "Environmental Entitlements: Dynamics and Institutions in Community-Based Natural Resource Management," World Development, Elsevier, vol. 27(2), pages 225-247, February.
    4. Lisa C. Smith & Jean-Paul Chavas, 1997. "Commercialization and the Balance of Women's Dual Roles in Non-Income-Pooling West African Households," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 589-594.
    5. Bateman, Merrill J. & Meeraus, Alexander & Newbery, David M. & Okyere, William Asenso & O'Mara, Gerald T., 1990. "Ghana's cocoa pricing policy," Policy Research Working Paper Series 429, The World Bank.
    6. Taslim, M. A., 1988. "Tenancy and interlocking markets: issues and some evidence," World Development, Elsevier, vol. 16(6), pages 655-666, June.
    7. Braverman, Avishay & Stiglitz, Joseph E, 1982. "Sharecropping and the Interlinking of Agrarian Markets," American Economic Review, American Economic Association, vol. 72(4), pages 695-715, September.
    8. Hoff, Karla, 2008. "Joseph E. Stiglitz," Policy Research Working Paper Series 4478, The World Bank.
    9. Bardhan, Pranab, 1989. "The new institutional economics and development theory: A brief critical assessment," World Development, Elsevier, vol. 17(9), pages 1389-1395, September.
    10. Seiichi Fukui, 1997. "The Meaning of Kinship in Sharecropping Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 394-406.
    11. Kikuchi, Masao & Hayami, Yujiro, 1999. "Technology, Market, and Community in Contract Choice: Rice Harvesting in the Philippines," Economic Development and Cultural Change, University of Chicago Press, vol. 47(2), pages 371-386, January.
    12. Besley, Timothy, 1995. "Property Rights and Investment Incentives: Theory and Evidence from Ghana," Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 903-937, October.
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    Cited by:

    1. Cain, Philip & Anwar, Muhammad & Rowlinson, Peter, 2007. "Assessing the critical factors affecting the viability of small-scale dairy farms in the Punjab region of Pakistan to inform agricultural extension programmes," Agricultural Systems, Elsevier, vol. 94(2), pages 320-330, May.

    More about this item


    Price cycles; Price instability; Futures markets; Prices; Primary commodities; 価格周期; 価格不安定性; 先物市場; 物価; 一次産品;

    JEL classification:

    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing


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