There are two explanations for agricultural price dynamics. One follows cobweb logic and
models fluctuations driven by expectation errors but emphasises that these expectations …

This paper proposes a framework for designing optimal food price stabilisation policies in a
self-sufficient developing country. It uses a rational expectations storage model with risk …

India has pursued an active food security policy for many years by using a combination of
trade policy interventions, public distribution of food staples, and assistance to farmers …

Interest‐rate subsidies have been used to stimulate commodity stockholding, with the
intention of stabilizing prices. However, reductions in price variability can be achieved at …

This article compares various policies in a rational expectations food storage model with risk‐
averse consumers and missing insurance markets calibrated to represent a developing …

Commodities are often stored during periods in which storage returns a negative price.
Further, during periods of" backwardation," the expected revenue from holding inventories …

We study here the effects of a public subsidy to private storage set up at world level. To
simulate the welfare effects and impacts on market fluctuations of this subsidy, we use a …

The impact of food storage on food security is discussed theoretically with empirical
applications within the context of welfare economics. In the past, countries such as the …

A stochastic simulation model, with adaptive expectation and multiplicative production
shocks, is advocated to investigate the impacts of public grain buffer stocks in China. The …