AGRICULTURAL COMMODITY PROJECTIONS: A MULTIMARKET EQUILIBRIUM APPROACH

Gerald Plato

No 284045, 1975 Annual Meeting, August 10-13, Columbus, Ohio from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A Walrasian tatonnement approach for projecting consistent equilibrium prices and quantities of agricultural commodities is described. The tatonnment market clearing process is simulated by a modified Newton-Raphson procedure after evaluating selected levels of exogenous market variables. Effects of specific exogenous variables can be simulated through judicious scenario selection.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 17
Date: 1975-08
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea75:284045

DOI: 10.22004/ag.econ.284045

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