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International Trade in Intermediate and Final Goods: Some Welfare Implications of Destabilized Prices

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  • Darrell Hueth
  • Andrew Schmitz

Abstract

I. Introduction, 351. — II. The Massell results, 352.— III. Final product spatial price models, 354. — IV. International welfare, 358. — V. The generalized model, 359. — VI. Price instability in both intermediate and final goods trade, 362. — VII. Summary and conclusions, 364.

Suggested Citation

  • Darrell Hueth & Andrew Schmitz, 1972. "International Trade in Intermediate and Final Goods: Some Welfare Implications of Destabilized Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 86(3), pages 351-365.
    • Handle: RePEc:oup:qjecon:v:86:y:1972:i:3:p:351-365.
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    Citations

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    Cited by:

    1. Sarris, Alexander, 1982. "Export Taxes Versus Buffer Stocks as Optial Export Policies Under Uncertainty," CUDARE Working Papers 198218, University of California, Berkeley, Department of Agricultural and Resource Economics.
    2. Konjing, Chaiwat, 1976. "Thailand's Maize Export Agreement Policy: An Economic Analysis," Economic Reports 8446, University of Minnesota, Department of Applied Economics.
    3. Marco de Pinto & Laszlo Goerke, 2022. "Cost uncertainty in an oligopoly with endogenous entry," Bulletin of Economic Research, Wiley Blackwell, vol. 74(4), pages 927-948, October.
    4. Mahama, Ramatu, 1985. "A stochastic simulation of the impact of price insulation policies on world wheat market stability," ISU General Staff Papers 198501010800008868, Iowa State University, Department of Economics.
    5. Chaton, Corinne & Creti, Anna & Villeneuve, Bertrand, 2008. "Some economics of seasonal gas storage," Energy Policy, Elsevier, vol. 36(11), pages 4235-4246, November.
    6. Montague J. Lord, 1980. "Commodity Export Instability and Growth in the Latin American Economies," NBER Chapters, in: Commodity Markets and Latin American Development: A Modeling Approach, pages 213-244, National Bureau of Economic Research, Inc.
    7. 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.
    8. 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.
    9. 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.
    10. repec:dau:papers:123456789/5365 is not listed on IDEAS
    11. Binkley, James K., 1981. "Ocean Freight Rate Variability as a Factor in International Agricultural Trade," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279415, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Koo, Won W. & Burt, Oscar R., 1982. "U.S. Wheat Storage Control Under Joint Criteria Of Mean Benefits And Price Variation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(1), pages 1-12, July.
    13. Corinne Chaton & Anna Creti & Bertrand Villeneuve, 2005. "The Economics of Seasonal Gas Storage," Working Papers 2005-52, Center for Research in Economics and Statistics.
    14. E. Lutz, 1978. "The Welfare Gains from Price Stabilization under Risk Response," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 114(II), pages 115-130, June.
    15. Méndez Parra, Maximiliano, 2015. "Futures prices, trade and domestic supply of agricultural commodities," Economics PhD Theses 0115, Department of Economics, University of Sussex Business School.
    16. Subotnik, Abraham & Houck, James P., 1975. "An Economic Analysis Of Stabilizing Schemes," Staff Papers 13643, University of Minnesota, Department of Applied Economics.
    17. Baumer, David L. & Knoeber, Charles R., 1987. "The Social Welfare Consequences Of Price Stabilization And Risk: An Annotated Bibliography," Department of Economics and Business - Archive 259749, North Carolina State University, Department of Economics.

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