Optimal Price Stabilization Policies for Staple Grains: The Case of Maize in Eastern and Sothern Africa Reportar como inadecuado




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In the context of (a) stability in domestic maize production, (b) a significant divergencebetween import and export parity prices for maize, and (c) random variability in world maize prices,Eastern and Southern African governments have for many years attempted to reduce the instability indomestic maize prices. However, governments face a trade-off between the fiscal costs of price stabilizationand the degree of price variability allowed. This paper presents a dynamic stochastic simulation model thatnot only explores the nature of this trade-off, but also determines optimal government policies fordomestic target prices and domestic target levels of stock in order to minimize the expected fiscal costs ofmaintaining given degrees of price stability.

Subject(s): Crop Production/Industries

Demand and Price Analysis

Issue Date: 1997

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/198053 Page range: 129-138

Total Pages: 10

Record appears in: International Association of Agricultural Economists (IAAE) > 1997 Occasional Paper Series No. 7





Autor: Gerrard, Christopher D. ; Spriggs, John

Fuente: http://ageconsearch.umn.edu/record/198053?ln=en







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