Demand Uncertainty and Price Stabilization

Thumbnail Image
Date
1987-05-01
Authors
Choi, E. Kwan
Johnson, Stanley
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Authors
Person
Choi, E. Kwan
Professor
Research Projects
Organizational Units
Journal Issue
Is Version Of
Versions
Series
Department
Center for Agricultural and Rural Development
Abstract

Price stabilization is an important policy goal of government intervention in competitive markets. These policies are primarily directed at raising producer income and stabilizing market prices at levels acceptable to consumers and producers (Fox 1956, Turnovsky 1978, Newbery and Stiglitz 1979). Many of the stabilization policy results have been developed from the study of agricultural commodity markets. In these markets, prices tend to be highly variable due to uncertain and inelastic supply and demand (Schultz 1945, Gardner 1981).

Comments
Description
Keywords
Citation
DOI
Source
Copyright
Thu Jan 01 00:00:00 UTC 1987
Collections