Risky Agricultural Markets - Price Forecasting and the Need for Intervention Policies

List of contents

List of Tables and Figures -- Preface -- 1. INTRODUCTION -- 2. EXPECTATIONS, WELFARE AND MARKET EQUILIBRIUM UNDER RISK -- 3. EMPIRICAL CONTRASTS OF COMPETING ARGUMENTS OF AGRICULTURAL SUPPLY FUNCTIONS -- 4. FARMERS' EXPECTATIONS AND MATHEMATICAL PROGRAMMING MODELS OF MARKET EQUILIBRIA -- 5. WELFARE GAINS FROM PRICE STABILIZATION WHEN PRODUCTION IS RISKY -- 6. PROJECT EVALUATION IN RISKY MARKETS -- 7. EPILOGUE -- References -- Author Index -- Subject Index.

About the author

Pasquale L Scandizzo, Peter B R Hazell, Jock Anderson

Summary

This book shows how decisions made by individual farmers influence the efficiency of agricultural markets. It demonstrates that a simple and practical price forecasting rule, based on expected per unit revenue, is generally adequate to ensure efficient market behavior.

Product details

• Authors: Jock Anderson, Jock Scandizzo Anderson, Anderson Jock, Peter Hazell, Peter B R Hazell, Pasquale Scandizzo, Pasquale L Scandizzo, Pasquale L Hazell Scandizzo
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 30.06.2021
• EAN: 9780367301613
• ISBN: 978-0-367-30161-3
• No. of pages: 142
• Subjects: Natural sciences, medicine, IT, technology > Biology > Agriculture, horticulture; forestry, fishing, food; Social sciences, law, business > Business > Individual industrial sectors, branches; TECHNOLOGY & ENGINEERING / Agriculture / General, Agricultural science