Mathematics of Seasonal Price Behavior

Lloyd D. Teigen

No 284110, 1975 Annual Meeting, August 10-13, Columbus, Ohio from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Differential equations were used to derive seasonal price patterns for Korean rice under two behavioral assumptions("market conduct''). These were a competitive price rise equal to storage cost and the joint maximization of crop value plus storage profit. Compared with the competitive model, maximization virtually eliminates private storage and produces wider price fluctuations.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 20
Date: 1975-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea75:284110

DOI: 10.22004/ag.econ.284110

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