The Theory of Commodity Price Stabilization

The Theory of Commodity Price Stabilization

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Fundamentals: supply and demand under risk; Market equilibrium; Price stabilization with no supply response; Supply responses to stabilization; Microeconomic re

Stabilizing Speculative Commodity Markets

Stabilizing Speculative Commodity Markets

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After briefly reviewing the problems caused by commodity price instability, the authors develop a mathematical model for commodity markets. The implications of