Stabilizing Speculative Commodity Markets - Couverture rigide

Ghosh, S.

 
9780198284727: Stabilizing Speculative Commodity Markets

Synopsis

This book reviews the problems caused by commodity price instability and develops a mathematical model for commodity markets. The implications of this model for intervention and the welfare effects are then considered. A fully developed model of the world copper market is used to investigate alternative buffer stock intervention rules in order to assess the scope and limitations of such stabilization strategies.

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