Setting the Price of Peruvian Rice

William C. Merrill

American Journal of Agricultural Economics, 1967, vol. 49, issue 2, 389-402

Abstract: The Peruvian government presently buys and sells most of the domestic and imported rice in Peru. The main goals of its wholesale operation are to keep the farm price of rice high, to maintain a low consumer price, to break even on its wholesale operation, and to reduce rice imports. The conflicts of these goals are illustrated graphically by using a system of iso-profit and iso-import curves. A model is provided which allows technical advisors to summarize graphically the information needed by government decision makers when setting rice prices. The model takes into account the variability in supply and demand and is operational even when limited information is available on the government's cost structure.

Date: 1967
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2307/1237208 (application/pdf)
Access to full text is restricted to subscribers.

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:ajagec:v:49:y:1967:i:2:p:389-402.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().