PRICING AND STORAGE DECISIONS IN GOVERNMENT GRAIN MARKETING BOARDS

Steven T. Buccola and Chrispen Sukume

No 269978, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A model is developed of the pricing and storage decisions of a government grain marketing board. Price and storage levels are found to have interdependent effects on a board's utility. The model indicates that Zimbabwe's Grain Marketing Board pays higher prices and holds larger stocks than would be optimal for an expected utility maximizing monopsonist.

Keywords: Crop Production/Industries; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 16
Date: 1987-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:269978

DOI: 10.22004/ag.econ.269978

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