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Agricultural and Resource Economics Review >
Volume 23, Number 1, April 1994 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/31316
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| Title: | THE RELATIONSHIP BETWEEN PRICE STABILIZATION AND CYCLES IN THE CANADIAN WHEAT MARKET |
| Authors: | Clark, J. Stephen
Klein, K.K. |
| Issue Date: | 1993-04 |
| Abstract: | In this study, moving average price stabilization schemes were analyzed under the assumption of rational expectations. It was shown that moving average price schemes may induce cyclical behavior into market prices where no cyclical pattern previously existed. Moving average price stabilization schemes are important to Canadian agricultural policy analysis because they are a characteristic of stabilization programs in Canada. Indeed, the Agricultural Stabilization Act, introduced in 1975, and the Gross Revenue Insurance Program, introduced in 1991, use moving average prices to calculate returns to producers. |
| URI: | http://purl.umn.edu/31316 |
| Institution/Association: | Agricultural and Resource Economics Review>Volume 23, Number 1, April 1994 |
| Total Pages: | 7 |
| Language: | English |
| Journal Issue : | Agricultural and Resource Economics Review |
| Journal Volume: | 23 |
| Journal Date: | April 1994 |
| From Page: | 22 |
| To Page: | 28 |
| Collections: | Volume 23, Number 1, April 1994
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| 23010022.pdf | 584Kb | PDF | View/Open |
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