A RATIONAL EXPECTATIONS MODEL OF INVENTORY HOLDING UNDER RISK AND UNCERTAINTY
Glauber, Joseph W.; Miranda, Mario J.
1986

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Abstract

In this paper a model of inventory holding under risk and uncertainty is developed and introduced into a model of the U.S. soybean market. Through simulation experiments the effects of risk on price levels and stability are measured and the welfare effects on producers, consumers and inventory holders are discussed.

Details

Title A RATIONAL EXPECTATIONS MODEL OF INVENTORY HOLDING UNDER RISK AND UNCERTAINTY
Author(s) Glauber, Joseph W.
Miranda, Mario J.
Subject(s)
Issue Date 1986-07
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.278113
Record Identifier https://ageconsearch.umn.edu/record/278113
Language English
Total Pages 16
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 1986 Annual Meeting, July 27-30, Reno, Nevada

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