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Methods for optimal grain stockpiling for international price stabilization

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  • ALEXANDER H. SARRIS

Abstract

Summary A simplified illustrative one-commodity partial equilibrium model of the international grain market is used to point out modeling and numerical problems associated with research in international price stabilization schemes. The role of government intervention is particularly emphasized and a way suggested for appropriate modeling. Several possible methods for devising ‘optimal’ stabilization rules are indicated, and the complications implied by monopolistic and oligopolistic markets are investigated.

Suggested Citation

  • Alexander H. Sarris, 1978. "Methods for optimal grain stockpiling for international price stabilization," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 5(1), pages 71-84.
  • Handle: RePEc:oup:erevae:v:5:y:1978:i:1:p:71-84.
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    File URL: http://hdl.handle.net/10.1093/erae/5.1.71
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