Wheat Cartelization and Domestic Markets
分析国际小麦市场卡特尔化的影响,重点探讨卡特尔利润与农民出售小麦价格之间的关系,并研究主要贸易公司组成卡特尔的稳定性及防止作弊的方法。
Abstract The effects of cartelization in the international wheat market are analyzed. Particular attention is given to the relationship between the level of cartel profits and the price farmers receive for their wheat. Sufficient conditions are established for a rise in cartel profits to be associated with a rise in the farmgate price of wheat. The potential stability of a cartel formed by the major trading companies also is investigated and a means of preventing cheating is introduced and discussed.