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Agricultural Commodity Projections: A Multimarket Equilibrium Approach

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  • Plato, Gerald E.

Abstract

A Walrasian tatonnement approach for projecting consistent equilibrium prices and quantities of agricultural commodities is described. The tatonnment market clearing process is simulated by a modified Newton-Raphson procedure after evaluating selected levels of exogenous market variables. Effects of specific exogenous variables can be simulated through judicious scenario selection.

Suggested Citation

  • Plato, Gerald E., 1975. "Agricultural Commodity Projections: A Multimarket Equilibrium Approach," 1975 Annual Meeting, August 10-13, Columbus, Ohio 284045, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea75:284045
    DOI: 10.22004/ag.econ.284045
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    Cited by:

    1. Fox, Austin S. & Quance, C. Leroy, 1977. "Agricultural Projections To 1985 For The Northeast And Comparisons With The United States," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 6(2), pages 1-13, October.
    2. Fox, Austin S. & Quance, C. Leroy, 1977. "Agricultural Projections To 1985 For The Northeast And Comparisons With The United States," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 2), pages 1-13, October.
    3. Liu, Chun-Ian, 1979. "An Economic Impact Evaluation Of Government Programs: The Case Of Brucellosis Control In The United States," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(1), pages 1-6, July.

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    Marketing;

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