This paper analyzes the use of storage and trade policies to achieve food price stabilization in a small open developing country. Optimal stabilization policies are identified using a rational expectations storage model with risk-averse consumers and incomplete markets.Without public intervention, price dynamics are driven by domestic productive shocks and international prices. On its own, an optimal storage policy is found to be detrimental to consumers...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2013/07/08
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Журнальная статья
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112421
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1
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1
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2017/03/01
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Disclosed
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Optimal food price stabilization in a small open developing Country
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world price