Storage and Commodity Markets

Brian D. Wright

ISBN 10: 0521326168 / ISBN 13: 9780521326162

Published by Cambridge University Press, 1991

About this Item

Druck auf Anfrage Neuware - Printed after ordering - Storage and Commodity Markets is primarily a work of economic theory, concerned with how the capability to store a surplus affects the prices and production of commodities. Its focus on the behaviour, over time, of aggregate stockpiles provides insights into such questions as how much a country should store out of its current supply of food considering the uncertainty in future harvests. Related topics covered include whether storage or international trade is a more effective buffer and whether stockpiles are more useful in raw or processed form. Several chapters are devoted to analysing such government programmes as price bands, buffer stocks, and strategic reserves. This material is in the domain of applied welfare analysis with public finance. Because the theory presented is sufficiently general, it should be of interest to macroeconomists studying aggregate inventories or savings and to those in operations research studying inventory and pricing policies of large firms.

Seller Inventory # 9780521326162

Bibliographic Details

• Title: Storage and Commodity Markets
• Publisher: Cambridge University Press
• Publication Date: 1991
• Language: English
• ISBN 10: 0521326168
• ISBN 13: 9780521326162
• Binding: Buch
• Condition: Neu
• Dimensions: 235W x 157H x 35D millimeters 235 millimeters width by 157 millimeters height by 35 millimeters depth
• Weight: 987 grams

About this title

Synopsis

Storage and Commodity Markets is primarily a work of economic theory, concerned with how the capability to store a surplus affects the prices and production of commodities. Its focus on the behavior, over time, of aggregate stockpiles provides insights into such questions as how much a country should store out of its current supply of food considering the uncertainty in future harvests. Related topics covered include whether storage or international trade is a more effective buffer and whether stockpiles are more useful in raw or processed form. Several chapters are devoted to analyzing such government programs as price bands, buffer stocks, and strategic reserves; other chapters deal with the statistical properties imparted by storage.

Book Description

Storage and Commodity Markets is primarily a work of economic theory, concerned with how the capability to store a surplus affects the prices and production of commodities. Its focus on the behaviour, over time, of aggregate stockpiles provides insights into such questions as how much a country should store out of its current supply of food considering the uncertainty in future harvests.