Do Price Stabilisation Schemes Contribute to Stability? Some Counterfactual Evidence from the Canadian Barley Market

Robert Matheson, J Stephen Clark and K K Klein

European Review of Agricultural Economics, 1995, vol. 22, issue 1, 25-39

Abstract: The impact of price stabilisation schemes on producer expectations has generally been ignored by policy makers. Using a theoretical model of the Canadian prairie barley market, unconditional mean price and two-year moving-average price stabilisation schemes are compared with no stabilisation, assuming rational expectations. Both price convergence and variance were affected by the choice of the price stabilisation scheme. This illustrates the influence price stabilisation schemes can have on the stochastic process generating market prices. Copyright 1995 by Oxford University Press.

Date: 1995
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:erevae:v:22:y:1995:i:1:p:25-39

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

More articles in European Review of Agricultural Economics from Oxford University Press and the European Agricultural and Applied Economics Publications Foundation Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().