Storage and Commodity Markets - Softcover

Williams, Jeffrey C.; Wright, Brian D.

Softcover

ISBN 10: 0521023394 ISBN 13: 9780521023399

Publisher: Cambridge University Press, 2005

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.

About this title

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.

Review:

"...this book has much to say about commodity markets and the role of storage. In addition, it makes a number of important and well-supported points aboutp public policy. It is well worth reading." Journal of Economic Literature

"This book is of major significance in the analysis of commodity markets. It will be required reading for all students of agricultural economics; and will also be widely read by those working on metals markets and the oil market." Economic Journal

About this edition

• Publisher: Cambridge University Press
• Publication date: 2005
• ISBN 10: 0521023394
• ISBN 13: 9780521023399
• Binding: Paperback
• Number of pages: 520