This article considers stabilization policies when the government acts before and after the weather is known, uses intervention rules that exclude discretion, and considers multiple policy instruments. Simulations shed light on the benefits and costs of corn-market stabilization and the desirability of acreage control or scarcity policy. Coordinated policies consistently reduce the variability of farm prices and incomes. Further, welfare comparisons against the unregulated market are favorable for some programs. Perhaps the government should avoid joint management of acreage and inventories, though, unless there are exceptional circumstances.
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Review of agricultural economics
卷
16
ISSN
1058-7195
页码
v.301-319(2)
其它主题
Administracion; Estados unidos de america; Modelos de simulacion; Prix de marche; Tiempo meteorologico; Surface d' exploitation; Estabilizacion del mercado; Temps meteorologique; Modele de simulation; Etats unis; Reglementation des marches; Maiz; Superficie de la explotacion; Estabilizacion de precios; Stabilisation du marche
语言
英语
注释
references. AVAILABILITY: US (DNAL HD1773.A3N6).
类型
Journal Article; Journal Part
来源
Review-of-agricultural-economics (USA). (May 1994). v. 16(2) p. 301-319.
团体作者
Escola Superior de Agricultura Luiz de Queiroz, Piracicaba, SP (Brazil).
2012-11-15
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