Risky Agricultural Markets: Price Forecasting and the Need for Intervention Policies

ISBN-13: 9780367301613 / Angielski / Miękka / 2021 / 142 str.

Pasquale L. Scandizzo; Peter B. R. Hazell; Jock Anderson

Opis

This book shows how decisions made by individual farmers influence the efficiency of agricultural markets. It demonstrates that a simple and practical price forecasting rule, based on expected per unit revenue, is generally adequate to ensure efficient market behavior.

Spis treści

List of Tables and Figures -- Preface -- 1. INTRODUCTION -- 2. EXPECTATIONS, WELFARE AND MARKET EQUILIBRIUM UNDER RISK -- 3. EMPIRICAL CONTRASTS OF COMPETING ARGUMENTS OF AGRICULTURAL SUPPLY FUNCTIONS -- 4. FARMERS' EXPECTATIONS AND MATHEMATICAL PROGRAMMING MODELS OF MARKET EQUILIBRIA -- 5. WELFARE GAINS FROM PRICE STABILIZATION WHEN PRODUCTION IS RISKY -- 6. PROJECT EVALUATION IN RISKY MARKETS -- 7. EPILOGUE -- References -- Author Index -- Subject Index.

O autorze

Pasquale L Scandizzo, Peter B R Hazell, Jock Anderson