Demand Uncertainty and Price Stabilization
研究政府干预竞争性市场以实现价格稳定的政策，重点关注农业商品市场中因供需不确定性和缺乏弹性导致的价格波动问题。
Price stabilization is an important policy goal of government intervention in competitive markets. These policies are primarily directed at raising producer income and stabilizing market prices at levels acceptable to consumers and producers (Fox 1956, Turnovsky 1978, Newbery and Stiglitz 1979). Many of the stabilization policy results have been developed from the study of agricultural commodity markets. In these markets, prices tend to be highly variable due to uncertain and inelastic supply and demand (Schultz 1945, Gardner 1981).