Stabilizing speculative commodity markets
Author(s)
Bibliographic Information
Stabilizing speculative commodity markets
Clarendon Press , Oxford University Press, 1987
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Note
Bibliography: p. [418]-430
Includes indexes
Description and Table of Contents
Description
This book reviews the problems caused by commodity price instability and develops a mathematical model for commodity markets. The implications of this model for intervention and the welfare effects are then considered. A fully developed model of the world copper market is used to investigate alternative buffer stock intervention rules in order to assess the scope and limitations of such stabilization strategies.
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