Abstract
One of the major concerns in developing countries is the instability of prices of key agricultural commodities. This chapter modifies a methodology developed by Newbery and Stiglitz to study the costs and benefits of the Brazilian price band proposals for rice. The analysis suggests two general conclusions: a) the welfare gains from price stabilization are unlikely to be large relative to the efficiency gains from price reform, and b) multimarket interactions do not have quantitatively significant effects on the assessment of the impact of the band proposals on the variability of prices. -from Authors
| Original language | English |
|---|---|
| Pages (from-to) | 436-452 |
| Number of pages | 17 |
| Journal | Unknown Journal |
| State | Published - 1 Jan 1993 |
ASJC Scopus subject areas
- General Environmental Science
- General Earth and Planetary Sciences