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Risky Agricultural Markets
- Price Forecasting And The Need For Intervention Policies
Af: Peter B R Hazell, Jock Anderson, Pasquale L Scandizzo
Engelsk
Bogcover for Risky Agricultural Markets af Peter B R Hazell, Jock Anderson, Pasquale L Scandizzo, 9780367301613
Specifikationer
Sprog:
Engelsk
Sider:
142
ISBN-13:
9780367301613
Indbinding:
Paperback
ISBN-10:
036730161X
Kategori:
Udg. Dato:
31 maj 2021
Størrelse i cm:
23,7 x 15,2
Forlag:
Oplagsdato:
31 maj 2021
Forfatter(e):
Genre:

Risky Agricultural Markets

- Price Forecasting And The Need For Intervention Policies
Af: Peter B R Hazell, Jock Anderson, Pasquale L Scandizzo
Engelsk
Paperback 2021
Format:
Paperback
Bog beskrivelse
This book shows how decisions made by individual farmers influence the efficiency of agricultural markets. Unless farmers properly take account of the correlation between prices and yields in forming their price forecasts, competitive markets will often be socially inefficient, leading to misallocation of resources. The authors demonstrate that a simple and practical price forecasting rule, based on expected per unit revenue, is generally adequate to ensure efficient market behavior.Time-series data from various countries are used to test the hypothesis that market supply is influenced by the correlation of price and yield as well as by lagged market prices . The importance of market inefficiencies in risky situations is shown to, depend on the variability of yields, the nature of farmers''price forecasting behavior, the degree of private risk aversion,and the elasticity of demand. The authors suggest and evaluate three basic policy approaches governments may take when confronted with very inefficient markets--establishing production quotas, improving market information services, and implementing price stabilization schemes. They conclude by discussing implications of the study for the specification of agricultural supply models and for the economic appraisal of risky investment projects.
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Specifikationer
Sprog:
Engelsk
Sider:
142
ISBN-13:
9780367301613
Indbinding:
Paperback
ISBN-10:
036730161X
Kategori:
Udg. Dato:
31 maj 2021
Størrelse i cm:
23,7 x 15,2
Forlag:
Oplagsdato:
31 maj 2021
Forfatter(e):
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