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Methods for optimal grain stockpiling for international price stabilization

Alexander H. Sarris

European Review of Agricultural Economics, 1978, vol. 5, issue 1, 71-84

Abstract: Summary A simplified illustrative one-commodity partial equilibrium model of the international grain market is used to point out modeling and numerical problems associated with research in international price stabilization schemes. The role of government intervention is particularly emphasized and a way suggested for appropriate modeling. Several possible methods for devising ‘optimal’ stabilization rules are indicated, and the complications implied by monopolistic and oligopolistic markets are investigated.

Date: 1978
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European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

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