Market Interventions, International Price Stabilization, and Welfare Implications
1992
Tēvatās, Cā.
The welfare effects of price stabilization are quantified under free trade and under distortionary policies when an exporting country protects domestic producers with price supports, an importing country pursues a price‐fixing policy, and a second importing country follows a free trade policy. Results show that distortionary interventions cause greater world price variability. World gains from international price stabilization through a costless buffer stock scheme are higher under distortionary trade than under free trade.
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书目信息
出版者
Oxford University Press
其它主题
Agricultural subsidies
语言
英语
注释
Journal article
类型
Journal Article; Text
2024-02-28
MODS