Free Ebook Storage and Commodity Markets, by Jeffrey C. Williams, Brian D. Wright
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Storage and Commodity Markets, by Jeffrey C. Williams, Brian D. Wright
Free Ebook Storage and Commodity Markets, by Jeffrey C. Williams, Brian D. Wright
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Storage and Commodity Markets is primarily a work of economic theory, concerned with how the capability to store a surplus affects the prices and production of commodities. Its focus on the behavior, over time, of aggregate stockpiles provides insights into such questions as how much a country should store out of its current supply of food considering the uncertainty in future harvests. Related topics covered include whether storage or international trade is a more effective buffer and whether stockpiles are more useful in raw or processed form. Several chapters are devoted to analyzing such government programs as price bands, buffer stocks, and strategic reserves; other chapters deal with the statistical properties imparted by storage.
- Sales Rank: #1313659 in Books
- Brand: Jeffrey C Williams
- Published on: 2005-11-24
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x 1.14" w x 5.98" l, 1.66 pounds
- Binding: Paperback
- 520 pages
- Storage And Commodity Markets
Review
"...this book has much to say about commodity markets and the role of storage. In addition, it makes a number of important and well-supported points aboutp public policy. It is well worth reading." Journal of Economic Literature
"This book is of major significance in the analysis of commodity markets. It will be required reading for all students of agricultural economics; and will also be widely read by those working on metals markets and the oil market." Economic Journal
Most helpful customer reviews
5 of 5 people found the following review helpful.
One of the best pieces of economics ever written
By C. Cafiero
This book presents a complete account of the economic theory of commodity markets. It is a must for every professional interested in analyzing commodity markets, especially those interested in the welfare implication of policy affecting market equilibria.
It is full of insights that are rarely found in other theoretical economics books, and yet so important to truly makes the difference between abstract thinking and real economic analysis.
One of the best pieces of economics ever written.
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