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Market Intermediaries and Price Instability: Some Welfare Implications

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  • Jurg Bieri
  • Andrew Schmitz

Abstract

The welfare consequences of price instability critically depend on the type of market intermediary. Both a producer marketing board and a pure middleman will stabilize consumer prices; but the latter, unlike the producer marketing board, will find it advantageous to "manufacture" price instability for producers.

Suggested Citation

  • Jurg Bieri & Andrew Schmitz, 1974. "Market Intermediaries and Price Instability: Some Welfare Implications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(2), pages 280-285.
    • Handle: RePEc:oup:ajagec:v:56:y:1974:i:2:p:280-285.
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    File URL: http://hdl.handle.net/10.2307/1238756
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    Citations

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    Cited by:

    1. Rausser, Gordon C., 1988. "Stability issues in policy analysis," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4cr1m4jb, Department of Agricultural & Resource Economics, UC Berkeley.
    2. Anania, Giovanni, 2003. "Gains from trade liberalization with imperfectly competitive world markets. A note," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 3(06), pages 1-15.
    3. Steve McCorriston & Donald MacLaren, 2024. "Market intermediaries, storage and policy reforms," Journal of Agricultural Economics, Wiley Blackwell, vol. 75(1), pages 114-136, February.
    4. Chambers, Robert G., 1994. "National Agricultural Policies in a Free-Trade Area," Working Papers 197797, University of Maryland, Department of Agricultural and Resource Economics.
    5. Fertő, Imre, 1995. "A mezőgazdasági árak stabilizálásának problémáiról [On the problems of stabilizing agricultural prices]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 256-269.
    6. Van Kooten, G. C. & Spriggs, John & Schmitz, Andrew, 1989. "The Impact of Canadian Commodity Stabilization Programs on Risk Reduction and the Supply of Agricultural Commodities," Working Papers 244037, Agriculture and Agri-Food Canada.
    7. Chambers, Robert G. & Paarlberg, Philip L., 1989. "Are More Exports Always Better?: Comparing Cash and In-Kind Export Subsidies," Working Papers 197606, University of Maryland, Department of Agricultural and Resource Economics.
    8. Cothern, James H., 1977. "Marketing Outlook Information And Information Systems In Unstable Markets," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 1(1), pages 1-6, June.
    9. Kennedy P. Lynn & Schmitz Andrew & van Kooten G. Cornelis, 2020. "The Role of Storage and Trade in Food Security," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(1), pages 1-13, January.
    10. Steve McCorriston & Donald MacLaren, 2021. "Market Intermediaries, Storage and Policy Reforms," Discussion Papers 2109, University of Exeter, Department of Economics.

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