Dynamic Models for Stabilizing Food Prices

Harold G. Halcrow and Takashi Takayama

No 197125, 1981 Occasional Paper Series No. 2 from International Association of Agricultural Economists

Abstract: Multiyear dynamic spatial models of the U.S. grain, oilseed, and livestock (GOL) economy show how to stabilize prices in this part of the world food economy. The standard GOL model can be operated at modest cost, well within the limits of previous price support and storage programmes operated by the U.S. government. Appropriate application of the model and its derivatives will stabilize the U.S. GOL economy within a relatively narrow price band, and this will help to stabilize prices in other trading countries as well.

Keywords: Financial Economics; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 6
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaaeo2:197125

DOI: 10.22004/ag.econ.197125

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