DO PRICE STABILIZATION SCHEMES CONTRIBUTE TO STABILITY - SOME COUNTERFACTUAL EVIDENCE FROM THE CANADIAN BARLEY MARKET

被引：2
|
作者：
MATHESON, R
CLARK, JS
KLEIN, KK
机构：
[1] NOVA SCOTIA AGR COLL,DEPT ECON & BUSINESS MANAGEMENT,TRURO,NS B2N 5E3,CANADA
[2] AGR CANADA,OTTAWA,ON,CANADA
[3] UNIV LETHBRIDGE,DEPT ECON,LETHBRIDGE,AB T1K 3M4,CANADA
来源：
EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS | 1995年 / 22卷 / 01期
关键词：
STABILIZATION SCHEME; RATIONAL EXPECTATIONS; BARLEY;
D O I：
10.1093/erae/22.1.25
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
The impact of price stabilisation schemes on producer expectations hers generally been ignored by policy makers. Using a theoretical model of the Canadian prairie barley market, unconditional mean price and two-year moving-average price stabilisation schemes are compared with no stabilisation, assuming rational expectations. Both price convergence and variance were affected by the choice of the price stabilisation scheme. This illustrates the influence price stabilisation schemes can have on the stochastic process generating market prices.
引用
收藏
页码：25 / 39
页数：15
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