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Description - Storage and Commodity Markets by Jeffrey C. Williams

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.

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Book Details

ISBN: 9780521023399
ISBN-10: 0521023394
Format: Paperback
(228mm x 152mm x 30mm)
Pages: 520
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 30-Sep-2005
Country of Publication: United Kingdom

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