Stabilizing Speculative Commodity Markets.
本书回顾大宗商品价格不稳定的问题,构建数学模型分析干预措施与福利效应,并以世界铜市场为例评估缓冲库存策略的适用范围与局限性。
This book reviews the problems caused by commodity price instability and develops a mathematical model for commodity markets. The implications of this model for intervention and the welfare effects are then considered. A fully developed model of the world copper market is used to investigate alternative buffer stock intervention rules in order to assess the scope and limitations of such stabilization strategies.