Orderly marketing for oranges: Public interest versus private interest
作者:
Nicholas J. Powers,
期刊:
Agribusiness
(WILEY Available online 1994)
卷期:
Volume 10,
issue 1
页码: 61-82
ISSN:0742-4477
年代: 1994
DOI:10.1002/1520-6297(199401)10:1<61::AID-AGR2720100107>3.0.CO;2-9
出版商: Wiley Subscription Services, Inc., A Wiley Company
数据来源: WILEY
摘要:
AbstractThe consequences of three rules arguably consistent with the orderly marketing objective of Federal marketing orders for managing weekly product flows of navel oranges are empirically examined. Regardless of whether the rules are executed in an environment of certainty or uncertainty, growers always gain from revenue maximization, handlers are unaffected, buyers always gain from constant prices, and net social welfare is always slightly larger for constant prices. Buyers never gain from stable product flows. Growers gain from using a more information‐intensive decision making policy under uncertainty only when following the revenue maximization rule. Buyers, by contrast, always gain from the more information‐intensive decision‐making policy under uncertainty, regardless of the
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