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Pricing And Storage Decisions In Government Grain Marketing Boards

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  • Buccola, Steven T.
  • Sukume, Chrispen

Abstract

A model is developed of the pricing and storage decisions of a government grain marketing board. Price and storage levels are found to have interdependent effects on a board's utility. The model indicates that Zimbabwe's Grain Marketing Board pays higher prices and holds larger stocks than would be optimal for an expected utility maximizing monopsonist.

Suggested Citation

  • Buccola, Steven T. & Sukume, Chrispen, 1987. "Pricing And Storage Decisions In Government Grain Marketing Boards," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269978, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea87:269978
    DOI: 10.22004/ag.econ.269978
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    References listed on IDEAS

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    1. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, November.
    2. Binswanger, Hans P, 1981. "Attitudes toward Risk: Theoretical Implications of an Experiment in Rural India," Economic Journal, Royal Economic Society, vol. 91(364), pages 867-890, December.
    3. Steven T. Buccola & Bruce A. McCarl, 1986. "Small-Sample Evaluation of Mean-Variance Production Function Estimators," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 732-738.
    4. Shlomo Reutlinger, 1976. "A Simulation Model for Evaluating Worldwide Buffer Stocks of Wheat," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(1), pages 1-12.
    5. Pollard, Stephen K. & Graham, Douglas H., 1985. "Price policy and agricultural export performance in Jamaica," World Development, Elsevier, vol. 13(9), pages 1067-1075, September.
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