This staff paper describes research on grain reserve stocks as a means of achieving price stability. It is assumed that price stabilization is desirable and the question of desirability is not investigated in this study. The paper is divided into two parts: Part I: Concept and Measurement of...

This study investigates the nature of demand peculiar to each class and quantify the economic and physical interrelationships existing among the five major classes of wheat produced in the United States.

There are three main parts to this paper. The first concerns the adaptation of conventional demand and supply theory to explain why and when the development of substitutes occurs. The second part is a discussion of four examples of substitutes that appear to have completed their developmental...

The specification and estimation of models of consumer and producer demand with kink points are considered. The presence of kink points divides the demand or production schedule into different regimes. Our approach utilizes the concept of virtual prices. The virtual prices transform binding...

This study uses nonparametric techniques to analyze the stability of demand for 19 major food categories among various demographic groups in the United States. Households are divided into population groups by income, the head's age, and the spouse's education level. The data used are from the...