Agricultural Commodity Markets and Trade: New Approaches to Analyzing Market Structure and InstabilityAlexander Sarris, David Hallam Edward Elgar Publishing, 2006 M01 27 - 456 pages This book argues that the viability of many observed market and non-market interventions in agricultural products worldwide depends considerably on the underlying behaviour of the relevant commodity markets. |
Contents
| 16 | |
| 31 | |
futures versus judgment | 61 |
4 Is the storage model a closed empirical issue? The empirical ability of the storage model to explain price dynamics | 89 |
5 Theoretical advances in the modeling of storage and speculation | 115 |
6 Imperfect competition and international agricultural commodity markets | 134 |
7 Spatial integration and price transmission in agricultural commodity markets in subSaharan Africa | 163 |
review and applications | 185 |
experience and possibilities | 254 |
12 Approaches to managing coffee price risks | 280 |
13 The use of futures and options to insure wheat import price risks by lowincome food deficit countries | 300 |
14 How can agricultural commodity producers appropriate a greater share of value chain incomes? | 352 |
15 Commodities diversification and poverty reduction | 376 |
a new approach | 398 |
Conclusions | 425 |
Index | 439 |
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adjustment Agricultural Economics analysis arbitrage asymmetric behavior bill Bobenrieth Bolgatanga Cashin chapter coefficient coffee cointegration commodity markets commodity prices competitive consumption contracts cotton crop David Hallam Deaton and Laroque demand developing countries distribution domestic dynamics econometric elasticities equilibrium error correction estimated example export farm farmers food imports food sector forecasts function futures prices global Granger Granger causality GTAP hedging horticultural hypothesis impact implies income increasing industry international price issues Journal of Agricultural LIFDCs long-run maize market integration Mid-month modity null OECD options parameters percent period Phillips-Perron test polyester polyester prices price risk price series price transmission production Profit/Loss retail risk management shocks simulations Soybean spatial standard statistical stochastic trend storage model structure supply Table tariff Techiman threshold tion trade transactions costs unit root value chain variable vertical volatility Weather Derivatives wheat imports World Bank
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Page 16 - The views and conclusions contained in this chapter are those of the authors and should not be interpreted as representing the official policies, either expressed or implied, of the Defense Advanced Research Projects Agency or of the US Government.