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Does the Consumer Benefit from Price Instability?

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Cited by:

  1. Lichtenberg, Erik & Zilberman, David, 1990. "The Economics of Storage Technology," Working Papers 197746, University of Maryland, Department of Agricultural and Resource Economics.
  2. Shively, Gerald E., 2001. "Price thresholds, price volatility, and the private costs of investment in a developing country grain market," Economic Modelling, Elsevier, vol. 18(3), pages 399-414, August.
  3. Campbell, Rachel & Gardiner, B. & Haszler, Henry, 1980. "On The Hidden Revenue Effects Of Wool Price Stabilisation In Australia: Initial Results," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(1), pages 1-15, April.
  4. Nocetti, Diego & Smith, William T., 2011. "Price uncertainty, saving, and welfare," Journal of Economic Dynamics and Control, Elsevier, vol. 35(7), pages 1139-1149, July.
  5. Pasour, E.C., Jr., 1980. "A Critique Of Federal Agricultural Programs," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(1), pages 1-9, July.
  6. Christophe Gouel, 2012. "Agricultural Price Instability: A Survey Of Competing Explanations And Remedies," Journal of Economic Surveys, Wiley Blackwell, vol. 26(1), pages 129-156, February.
  7. Doda, Baran & Quemin, Simon & Taschini, Luca, 2019. "Linking permit markets multilaterally," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
  8. Yongmin Chen & Jianpei Li & Marius Schwartz, 2021. "Competitive differential pricing," RAND Journal of Economics, RAND Corporation, vol. 52(1), pages 100-124, March.
  9. Edward Schlee, 2008. "Expected consumer’s surplus as an approximate welfare measure," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 34(1), pages 127-155, January.
  10. Gordon C. Rausser & Leo K. Simon, 1998. "Privatization, Market Liberalization, and Learning in Transition Economies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(4), pages 724-737.
  11. Anderson, Jock R. & Doran, Howard E., 1978. "Some Properties of Simple Functions of Random Variables," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 46(01), pages 1-11, April.
  12. Creti, Anna & Villeneuve, Bertrand, 2008. "Equilibrium Storage in a Markov Economy," MPRA Paper 11944, University Library of Munich, Germany.
  13. Matheson, Robert & Clark, J. Stephen, 1990. "Price Stabilization Under Rational Expectations," 1990 Annual meeting, August 5-8, Vancouver, Canada 270922, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  14. Kauffman, Daniel, 1984. "An Evaluation of the Potential for a Market in Hog Contracts," Agricultural Economic Report Series 201342, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  15. Anna Creti & Bertrand Villeneuve, 2013. "Commodity storage with durable shocks : A simple Markovian model," Post-Print hal-01517436, HAL.
  16. Tran, A. Nam & Welch, Jarrod R. & Lobell, David & Roberts, Michael J. & Schlenker, Wolfram, 2012. "Commodity Prices and Volatility in Response to Anticipated Climate Change," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124827, Agricultural and Applied Economics Association.
  17. Clement A. Tisdell, 1972. "Some Circumstances In Which Price Stabilization By The Wool Commission Reduces Incomes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 16(2), pages 94-101, August.
  18. Phil Simmons, 1988. "A Theoretical Discussion Of The Economic Effects Of Buffer Stocks And Buffer Funds," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 32(2-3), pages 129-141, 08-12.
  19. James R. Hines Jr. & Michael Keen, 2018. "Certain Effects of Uncertain Taxes," NBER Working Papers 25388, National Bureau of Economic Research, Inc.
  20. Barrett, Christopher B., 1996. "On price risk and the inverse farm size-productivity relationship," Journal of Development Economics, Elsevier, vol. 51(2), pages 193-215, December.
  21. Ball, Laurence & Romer, David, 2003. "Inflation and the Informativeness of Prices," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(2), pages 177-196, April.
  22. McBride, Linden, 2014. "Exploring food commodity price risk preferences among Tanzanian households," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 172437, Agricultural and Applied Economics Association.
  23. Brümmer, Bernhard, 2021. "Preisvolatilität auf Agrarmärkten," IAMO Discussion Papers 310089, Institute of Agricultural Development in Transition Economies (IAMO).
  24. Marco de Pinto & Laszlo Goerke, 2022. "Cost uncertainty in an oligopoly with endogenous entry," Bulletin of Economic Research, Wiley Blackwell, vol. 74(4), pages 927-948, October.
  25. Ambec, Stefan & Crampes, Claude, 2021. "Real-time electricity pricing to balance green energy intermittency," Energy Economics, Elsevier, vol. 94(C).
  26. Mahama, Ramatu, 1985. "A stochastic simulation of the impact of price insulation policies on world wheat market stability," ISU General Staff Papers 198501010800008868, Iowa State University, Department of Economics.
  27. Laszlo Goerke, 2022. "Endogenous Market Structure and Partisan Competition Authorities," IAAEU Discussion Papers 202201, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
  28. Christophe Gouel, 2014. "Food Price Volatility and Domestic Stabilization Policies in Developing Countries," NBER Chapters, in: The Economics of Food Price Volatility, pages 261-306, National Bureau of Economic Research, Inc.
  29. Tyers, Rodney, 1991. "On The Neglect Of Dynamics, Risk And Market Insulation In The Analysis Of Uruguay Round Food Trade Reforms," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(3), pages 1-19, December.
  30. Chaton, Corinne & Creti, Anna & Villeneuve, Bertrand, 2008. "Some economics of seasonal gas storage," Energy Policy, Elsevier, vol. 36(11), pages 4235-4246, November.
  31. van Kooten G. Cornelis & Schmitz Andrew & Kennedy P. Lynn, 2020. "Is Commodity Storage an Option for Enhancing Food Security in Developing Countries?," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(1), pages 1-12, January.
  32. Carlisle Ford Runge & Robert J. Myers, 1985. "Shifting Foundations of Agricultural Policy Analysis: Welfare Economics When Risk Markets Are Incomplete," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(5), pages 1010-1016.
  33. A.L. Hillman & E. Katz, 1984. "Oil Price Instability and Domestic Energy Substitution for Imported Oil," The Economic Record, The Economic Society of Australia, vol. 60(1), pages 85-89, March.
  34. Boussard, Jean-Marc, 1996. "When risk generates chaos," Journal of Economic Behavior & Organization, Elsevier, vol. 29(3), pages 433-446, May.
  35. Blackstone, Erwin A. & Buck, Andrew J. & Hakim, Simon & Spiegel, Uriel, 2008. "Market segmentation in child adoption," International Review of Law and Economics, Elsevier, vol. 28(3), pages 220-225, September.
  36. Turnovsky, Stephen J., 1993. "The impact of terms of trade shocks on a small open economy: A stochastic analysis," Journal of International Money and Finance, Elsevier, vol. 12(3), pages 278-297, June.
  37. Charles Blackorby & David Donaldson & John A. Weymark, 2008. "Hicksian Surplus Measures of Individual Welfare Change When There is Price and Income Uncertainty," Studies in Choice and Welfare, in: Prasanta K. Pattanaik & Koichi Tadenuma & Yongsheng Xu & Naoki Yoshihara (ed.), Rational Choice and Social Welfare, pages 195-213, Springer.
  38. Hines Jr., James R. & Keen, Michael J., 2021. "Certain effects of random taxes," Journal of Public Economics, Elsevier, vol. 203(C).
  39. Kim, Tae-Kyun, 1989. "The factor bias of technical change and technology adoption under uncertainty," ISU General Staff Papers 1989010108000010138, Iowa State University, Department of Economics.
  40. Shigeru Akiyama & Masahiro Kawai, 1985. "Welfare implications of commodity price stabilization with partially flexible production, private storage and buffer-stock costs," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 121(2), pages 261-279, June.
  41. Matthew Butlin, 1976. "The Welfare Effects of Price Stabilization:A Simple Multi ‐ Market Extension," The Economic Record, The Economic Society of Australia, vol. 52(4), pages 483-496, December.
  42. Fertő, Imre, 1995. "A mezőgazdasági árak stabilizálásának problémáiról [On the problems of stabilizing agricultural prices]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 256-269.
  43. Van Kooten, G. C. & Spriggs, John & Schmitz, Andrew, 1989. "The Impact of Canadian Commodity Stabilization Programs on Risk Reduction and the Supply of Agricultural Commodities," Working Papers 244037, Agriculture and Agri-Food Canada.
  44. Mahama, Ramatu & Meyers, William H., 1987. "World Wheat Market Instability: An Analysis of EC Price Insulation Effects," 1987 Occasional Paper Series No. 4 197431, International Association of Agricultural Economists.
  45. Takashi Hayashi, 2019. "What Should Society Maximise Under Uncertainty?," The Japanese Economic Review, Springer, vol. 70(4), pages 446-478, December.
  46. Franco Mariuzzo & Peter L. Ormosi, 2019. "Post-merger Price Dynamics Matters, So Why Do Merger Retrospectives Ignore It?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 55(3), pages 403-429, November.
  47. Baran Doda & Luca Taschini, 2017. "Carbon Dating: When Is It Beneficial to Link ETSs?," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 4(3), pages 701-730.
  48. Russell Cooper, 1984. "Insurance, Flexibility and Non-contingent Trades," Cowles Foundation Discussion Papers 691, Cowles Foundation for Research in Economics, Yale University.
  49. Marc F. Bellemare & Yu Na Lee & David R. Just, 2020. "Producer Attitudes Toward Output Price Risk: Experimental Evidence from the Lab and from the Field," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 806-825, May.
  50. Jon Strand, 2010. "Inertia in Infrastructure Development," Journal of Infrastructure Development, India Development Foundation, vol. 2(1), pages 51-70, June.
  51. Quiggin, John C., 1991. "Contradictory Predictions On Supply Response Under Stabilization: A Reconciliation," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(3), pages 1-10, December.
  52. Boussard, Jean-Marc, 1997. "A Risk Generated Non-Linear Cobweb," 1997 Occasional Paper Series No. 7 198193, International Association of Agricultural Economists.
  53. S. J. Turnovsky, 1973. "Optimal Stabilization Policies in a Market with Lagged Adjustment in Supply," The Economic Record, The Economic Society of Australia, vol. 49(1), pages 31-49, March.
  54. Hazell, Peter B. & Scandizzo, Pasquale L., 1976. "An Economic Analysis of Peasant Agriculture Under Risk," International Journal of Agrarian Affairs, International Association of Agricultural Economists, vol. 0, pages 1-15.
  55. Tyers, Rodney, 1990. "Searching Under The Light: The Neglect Of General Equilibrium, Dynamics And Risk In The Analysis Of Food Trade Reforms," Staff Papers 13845, University of Minnesota, Department of Applied Economics.
  56. Hans Glismann & Horst Rodemer, 1979. "Wohlfahrtseffekte von bufferstocks zur glÄttung von preisschwankungen auf den weltrohstoffmÄrkten," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(3), pages 467-484, September.
  57. Bruno Jullien & Patrick Rey, 2007. "Resale price maintenance and collusion," RAND Journal of Economics, RAND Corporation, vol. 38(4), pages 983-1001, December.
  58. Chavas, Jean-Paul, 2017. "On food security and the economic valuation of food," Food Policy, Elsevier, vol. 69(C), pages 58-67.
  59. P. B. R. Hazell & P. L. Scandizzo, 1975. "Market Intervention Policies When Production Is Risky," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 641-649.
  60. Gardner, Bruce & Chavas, Jean-Paul, 1979. "Market Equilibrium With Random Production," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278368, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  61. Gouel, Christophe, 2013. "Optimal food price stabilisation policy," European Economic Review, Elsevier, vol. 57(C), pages 118-134.
  62. de Pinto, Marco & Goerke, Laszlo & Palermo, Alberto, 2023. "On the welfare effects of adverse selection in oligopolistic markets," Games and Economic Behavior, Elsevier, vol. 138(C), pages 22-41.
  63. Kyle Bagwell & Robert W. Staiger, 1990. "Risky R&D in Oligopolistic Product Markets," Discussion Papers 872, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  64. Scandizzo, Pasquale Lucio & Hazell, Peter B.R. & Anderson, Jock R., 1983. "Producers' Price Expectations and the Size of the Welfare Gains from Price Stabilisation," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 51(02), pages 1-15, August.
  65. Laszlo Goerke, 2022. "Partisan competition authorities, Cournot‐oligopoly, and endogenous market structure," Southern Economic Journal, John Wiley & Sons, vol. 89(1), pages 238-270, July.
  66. Cardell, Lila & Michelson, Hope, 2020. "“Sell Low, Buy High?” - A New Explanation for a Persistent Puzzle," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304448, Agricultural and Applied Economics Association.
  67. Murray C. Kemp & Hans-Werner Sinn, 1990. "A Simple Model of Useless Speculation," NBER Working Papers 3513, National Bureau of Economic Research, Inc.
  68. Lopez, Ramon & Nash, John & Stanton, Julie, 1995. "Adjustment and poverty in Mexican agriculture : how farmers'wealth affects supply response," Policy Research Working Paper Series 1494, The World Bank.
  69. Corinne Chaton & Anna Creti & Bertrand Villeneuve, 2005. "The Economics of Seasonal Gas Storage," Working Papers 2005-52, Center for Research in Economics and Statistics.
  70. K. L. Robinson, 1975. "Unstable Farm Prices: Economic Consequences and Policy Options," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(5), pages 769-777.
  71. Chebbi, Ali, 2019. "How to enlarge the fiscal space and gain efficiency when adopting automatic fuel pricing mechanisms? The Tunisian case," The Quarterly Review of Economics and Finance, Elsevier, vol. 73(C), pages 34-43.
  72. Schmitz Andrew, 2020. "Commodity Storage, Price Stabilization, and Food Security," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(1), pages 1-2, January.
  73. Baran Doda, Simon Quemin, Luca Taschini, 2017. "A theory of gains from trade in multilaterally linked ETSs," GRI Working Papers 275, Grantham Research Institute on Climate Change and the Environment.
  74. Wright, Brian D. & Williams, Jeffrey C., 1986. "Measurement of Consumer Gains from Market Stabilization," CUDARE Working Papers 198343, University of California, Berkeley, Department of Agricultural and Resource Economics.
  75. repec:zbw:iamodp:310089 is not listed on IDEAS
  76. Bigman, David, 1982. "Buffer stocks operation with different supply specification: A simulation analysis," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 24(1), pages 77-87.
  77. Lila Cardell & Hope Michelson, 2023. "Price risk and small farmer maize storage in Sub‐Saharan Africa: New insights into a long‐standing puzzle," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(3), pages 737-759, May.
  78. Ni, Shawn & Raymon, Neil, 2004. "Price uncertainty and consumer welfare in an intertemporal setting," Journal of Economic Dynamics and Control, Elsevier, vol. 28(9), pages 1877-1901, July.
  79. Alan B. Krueger, 2001. "An Interview with William J. Baumol," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 211-231, Summer.
  80. Subotnik, Abraham & Houck, James P., 1975. "An Economic Analysis Of Stabilizing Schemes," Staff Papers 13643, University of Minnesota, Department of Applied Economics.
  81. He, Xue-Zhong & Westerhoff, Frank H., 2005. "Commodity markets, price limiters and speculative price dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 29(9), pages 1577-1596, September.
  82. Pieters, Hannah & Swinnen, Johan, 2016. "Trading-off volatility and distortions? Food policy during price spikes," Food Policy, Elsevier, vol. 61(C), pages 27-39.
  83. Berck, Peter, 1979. "A Note on Price Stabilization," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1601k3sk, Department of Agricultural & Resource Economics, UC Berkeley.
  84. Fox, Roger W., 1979. "Brazil's minimum price policy and the agricultural sector of northeast Brazil:," Research reports 9, International Food Policy Research Institute (IFPRI).
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  91. Baumer, David L. & Knoeber, Charles R., 1987. "The Social Welfare Consequences Of Price Stabilization And Risk: An Annotated Bibliography," Department of Economics and Business - Archive 259749, North Carolina State University, Department of Economics.
  92. Fabio Antoniou & Raffaele Fiocco, 2023. "Storable Good Market With Intertemporal Cost Variations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(1), pages 361-385, February.
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  94. Kennedy P. Lynn & Schmitz Andrew & van Kooten G. Cornelis, 2020. "The Role of Storage and Trade in Food Security," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(1), pages 1-13, January.
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