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000022963 041__ $$aen
000022963 245__ $$aA THEORETICAL DISCUSSION OF THE ECONOMIC EFFECTS OF BUFFER STOCKS AND BUFFER FUNDS
000022963 260__ $$c1988-08
000022963 269__ $$a1988-08
000022963 300__ $$a13
000022963 336__ $$aJournal Article
000022963 446__ $$aEnglish
000022963 520__ $$aIt has been established that the absence of risk markets justifies market intervention in principle. The form of intervention that has been discussed most widely in the literature is the buffer stock. This paper points out that other forms of intervention, specifically buffer funds, are likely to perform better. The analysis shows that buffer funds are likely to outperform buffer stocks because they address market failure more directly. A sub-theme developed in this paper is that since buffer funds are enforced saving, it follows that policies that address capital market failure are likely to dominate buffer funds and buffer stocks in welfare terms.
000022963 650__ $$aMarketing
000022963 700__ $$aSimmons, Phil
000022963 773__ $$dAugust/December 1988$$jVolume 32$$kNumber 2-3$$o141$$q129$$tAustralian Journal of Agricultural Economics
000022963 8564_ $$s588999$$uhttp://ageconsearch.umn.edu/record/22963/files/32020129.pdf
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  Previous issue date: 1988-08
000022963 982__ $$gAustralian Journal of Agricultural Economics>Volume 32, Number 02-03, August/December 1988
000022963 980__ $$a429