A RATIONAL EXPECTATIONS MODEL OF INVENTORY HOLDING UNDER RISK AND UNCERTAINTY

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.


Issue Date:
1986-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278113
Language:
English
Total Pages:
16




 Record created 2018-10-12, last modified 2020-10-28

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