Equilibrium and price stabilization
Working paper
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Date
2001-12Metadata
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- Working papers (SNF) [809]
Abstract
The main objects here are markets with stochastic demand and supply. Agriculture provides prime instances. A key concern is how a buffer agency may learn to stabilize prices. We model such learning and identify conditions under which the process may generate necessary input for comparative welfare analysis.
Publisher
SNFSeries
Working Paper2001:63