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9780198284727

Stabilizing Speculative Commodity Markets

by ; ;
  • ISBN13:

    9780198284727

  • ISBN10:

    0198284721

  • Format: Hardcover
  • Copyright: 1987-10-08
  • Publisher: Oxford University Press
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Summary

The collapse of the International Tin Agreement has led to the belief that commodity price intervention is unnecessary and unlikely to succeed. However, as long as Third World producers continue to experience difficulties in obtaining adequate credit, there will be a need for some form of international commodity policy, and stabilization schemes will remain candidates. This book discusses the formulation of such schemes, developing a mathematical model for commodity markets and examining its welfare effects and implications for intervention.

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