Market Interventions, International Price Stabilization, and Welfare Implications

S. Devadoss

American Journal of Agricultural Economics, 1992, vol. 74, issue 2, 281-290

Abstract: The welfare effects of price stabilization are quantified under free trade and under distortionary policies when an exporting country protects domestic producers with price supports, an importing country pursues a price-fixing policy, and a second importing country follows a free trade policy. Results show that distortionary interventions cause greater world price variability. World gains from international price stabilization through a costless buffer stock scheme are higher under distortionary trade than under free trade.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:74:y:1992:i:2:p:281-290.

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