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...

The demand for bananas on the Sydney market is studied at both wholesale and retail using time series data at wholesale and cross-section data at retail. The cross-section data come from a pricing experiment in Sydney supermarkets. Estimates of price elasticity of demand are presented for...