publication . Article . 1991

COMBINATIONS OF BUFFER-STOCKS AND BUFFER-FUNDS FOR WOOL PRICE STABILISATION IN AUSTRALIA

Moir, Brian; Piggott, Roley R.;
Open Access
  • Published: 01 Jan 1991 Journal: Australian Journal of Agricultural Economics, volume 35, pages 77-89 (issn: 0004-9395, Copyright policy)
  • Publisher: Wiley
Abstract
In this paper a preliminary analysis is presented of a combined buffer-fund and buffer-stock as an alternative to a pure buffer-fund or a pure buffer stock for stabilising wool prices. The alternatives analysed are designed so that each provides the same prices to producers as did the Reserve Price Scheme over the period of analysis. Least-cost combinations of policy instruments are derived. The results show that there is considerable potential for cost savings to be made by combining buffer-fund and buffer-stock instruments.
Subjects
free text keywords: Demand and Price Analysis,, Agronomy and Crop Science, General Earth and Planetary Sciences, General Environmental Science
Powered by OpenAIRE Research Graph
Any information missing or wrong?Report an Issue