Competitive pricing and storage under uncertainty with an application to the U.S. soybean market

Relative to a no-storage regime, competitive storage of soybeans greatly reduces the variance of both annual prices and annual consumption. Variance of production is increased. Expected values of price, consumption, and production are not affected. The government could reduce price variance by about...

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Veröffentlicht in:	American journal of agricultural economics 1984-05, Vol.66 (2), p.119-130
Hauptverfasser:	Helmberger, P.G, Akinyosoye, V
Format:	Artikel
Sprache:	eng
Schlagworte:	competitive storage Consumer economics Consumer prices Consumer surplus Cost efficiency Expected values Producer surplus Skewed distribution Soybeans stabilization Supply Supply and demand
Online-Zugang:	Volltext
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