1st Edition
Risky Agricultural Markets Price Forecasting And The Need For Intervention Policies
142 Pages
by
CRC Press
142 Pages
by
CRC Press
142 Pages
by
CRC Press
Also available as eBook on:
This book shows how decisions made by individual farmers influence the efficiency of agricultural markets. Unless farmers properly take account of the correlation between prices and yields in forming their price forecasts, competitive markets will often be socially inefficient, leading to misallocation of resources. The authors demonstrate that a simple and practical price forecasting rule, based... Read more
List of Tables and Figures -- Preface -- 1. INTRODUCTION -- 2. EXPECTATIONS, WELFARE AND MARKET EQUILIBRIUM UNDER RISK -- 3. EMPIRICAL CONTRASTS OF COMPETING ARGUMENTS OF AGRICULTURAL SUPPLY FUNCTIONS -- 4. FARMERS' EXPECTATIONS AND MATHEMATICAL PROGRAMMING MODELS OF MARKET EQUILIBRIA -- 5. WELFARE GAINS FROM PRICE STABILIZATION WHEN PRODUCTION IS RISKY -- 6. PROJECT EVALUATION IN RISKY MARKETS -- 7. EPILOGUE -- References -- Author Index -- Subject Index.
Biography
Pasquale L Scandizzo, Peter B R Hazell, Jock Anderson
