Commodity price stabilization schemes : an economic analysis

Sbeghen, Elizabeth. (1990). Commodity price stabilization schemes : an economic analysis Honours Thesis, School of Economics, The University of Queensland.

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Author Sbeghen, Elizabeth.
Thesis Title Commodity price stabilization schemes : an economic analysis
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1990
Thesis type Honours Thesis
Language eng
Subjects 14 Economics
Formatted abstract
           The purpose of this thesis is to examine international commodity agreements in a dynamic environment, and to determine the distributional consequences of such schemes and highlight the feasibility and desirability of buffer stock operation rules. Previous literature proves to be ambiguous on these issues, ignoring the importance of private stockholders on the performance of the buffer stock mechanism. To this extent the inclusion of private stockholders weakens the traditional theoretical support underlying stabilization programmes. It is concluded that due to the dynamic nature of commodity markets, attempts to put theory into practice via the operation of buffer stock schemes, will result in their eventual failure. For this reason alternatives are suggested to commodity price stabilization schemes, to improve the quality of market information and futures markets operations.
Additional Notes -missing 36

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
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Created: Mon, 06 Dec 2010, 12:54:18 EST by Ning Jing on behalf of The University of Queensland Library