Economics at your fingertips  

Diagnosing and overcoming sustained food price volatility: Enabling a National Market for Food

Anirudh Burman (), Ila Patnaik (), Shubho Roy () and Ajay Shah
Additional contact information
Anirudh Burman: National Institute of Public Finance and Policy
Shubho Roy: National Institute of Public Finance and Policy

Working Papers from National Institute of Public Finance and Policy

Abstract: The agricultural markets in India sure from high price volatility. There may be an element of a Samuelson Cobweb Model at work, which generates a cycle of boom and bust. When food prices are high, consumers protest and in the years when food prices are low, farmers are in distress and demand loan waivers. Four policy pathways address the cobweb model: storage, national trade, international trade and futures trading. We argue that the Constitution imposes an obligation upon the Union government to achieve a national market. We work out an implementable set of steps through which the Union government can obtain a national market for agricultural produce.

Pages: 21
Date: 2018-07
New Economics Papers: this item is included in nep-agr
Note: Working Paper 236, 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Working Papers from National Institute of Public Finance and Policy
Bibliographic data for series maintained by S.Siva Chidambaram ( this e-mail address is bad, please contact ).

Page updated 2023-05-30
Handle: RePEc:npf:wpaper:18/236