Scandizzo, Pasquale Lucio; Hazell, Peter B.R.; … - In: Review of Marketing and Agricultural Economics 51 (1983) 02
This paper uses a simulation model to measure the size of the social welfare gains from price stabilisation within the general setting of a non-linear, multiplicative risk and lagged expectations model of the market. The size of the gains is found to be relatively small when producers plan on...
