RICE PRICE FORMATION - THEORY AND APPLICATION TO ANTANANARIVO (MADAGASCAR)

被引：2
|
作者：
AZAM, JP
BONJEAN, C
机构：
来源：
REVUE ECONOMIQUE | 1995年 / 46卷 / 04期
关键词：
D O I：
10.2307/3502231
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A small intertemporal model of an asset market is analysed for explaining the determination of the price of rice in Antananarivo (Madagascar). The gap between the price prevailing at the time of the harvest and that prevailing at the lean season is explained by the physical and financial costs of storage, and by expectations errors. The model is used for discussing various economic policy problems regarding the rice market, and an econometric application suggests that there is some inertia in the traders expectation formation. It is shown as well that imperfect competition on this market increases the variability of the price, and not its average level.
引用
收藏
页码：1145 / 1166
页数：22
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