PRICING AND STORAGE DECISIONS IN GOVERNMENT GRAIN MARKETING BOARDS
2018
Buccola, Steven T. | Sukume, Chrispen
A model is developed of the pricing and storage decisions of a government grain marketing board. Price and storage levels are found to have interdependent effects on a board's utility. The model indicates that Zimbabwe's Grain Marketing Board pays higher prices and holds larger stocks than would be optimal for an expected utility maximizing monopsonist.
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