Storage and commodity markets
Author(s)
Bibliographic Information
Storage and commodity markets
Cambridge University Press, 1991
Available at 24 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Bibliography: p. 465-489
Includes indexes
Description and Table of Contents
Description
Storage and Commodity Markets is primarily a work of economic theory, concerned with how the capability to store a surplus affects the prices and production of commodities. Its focus on the behaviour, over time, of aggregate stockpiles provides insights into such questions as how much a country should store out of its current supply of food considering the uncertainty in future harvests. Related topics covered include whether storage or international trade is a more effective buffer and whether stockpiles are more useful in raw or processed form. Several chapters are devoted to analysing such government programmes as price bands, buffer stocks, and strategic reserves. This material is in the domain of applied welfare analysis with public finance. Because the theory presented is sufficiently general, it should be of interest to macroeconomists studying aggregate inventories or savings and to those in operations research studying inventory and pricing policies of large firms.
Table of Contents
- Preface
- Acknowledgments
- 1. Introduction
- Part I. The Basic Model: 2. Competitive equilibrium with storage
- 3. Solving for the storage equilibrium Appendix: Numerical solution of the storage model
- 4. The effects of storage on production, consumption, and prices
- 5. Convergence to the steady state
- Part II. Implications Of Storage For Reasearch On Time Series: 6. Time-series properties due to storage
- 7. Test of rationality
- Part III. Extensions Of The Model: 8. The market's reaction to news
- 9. The interaction of storage and trade
- 10. Inventories of raw materials, finished goods, and goods in process
- 11. Market power and storage
- Part IV. Public Interventions: 12. Welfare analysis of market stabilization
- 13. Floor-price schemes
- 14. Public storage under price bands and price pegs
- 15. Public policies to supplement private storage
- Part V. Epilogue: 16. Lessons about commodity markets and modeling strategies
- References
- Author index
- Subject index.
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