UNRELIABLE MARKETS AND PERISHABLE PRODUCTS
作者:
R.W: Fraser,
期刊:
Journal of Agricultural Economics
(WILEY Available online 1986)
卷期:
Volume 37,
issue 1
页码: 89-95
ISSN:0021-857X
年代: 1986
DOI:10.1111/j.1477-9552.1986.tb00320.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
This paper considers the behaviour of a farmer facing an unreliable market for his perishable product. In the context of a simple model, where unreliability is characterised as demand uncertainty at the going market price, the optimal responses of a risk‐averse farmer both to the introduction and to an increase in the level of unreliability are analysed. Conditions determining these responses are described and are shown to contrast markedly with the conditions determining a farmer's responses to uncertainty in other parameters such as price. Finally, the policy implications of the paper are discussed, with particular reference to the problem of unstable suppl
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