Benefits from Price Stabilization to Producers and Processors: The Australian Buffer‐Stock Scheme for Wool
扩展了Newbery和Stiglitz的方法，以澳大利亚羊毛缓冲库存计划为例，分析需求和供给不稳定对生产者和加工者的影响，发现两者都可能从价格稳定中获益。
Abstract In much of the stabilization literature emphasis has been placed on the impact of stabilization schemes on producers. However, such schemes may also have significant implications for processors and consumers. In this paper the Newbery and Stiglitz approach is extended to demonstrate the effects of both demand and supply instability using the Australian buffer‐stock scheme for wool as a case study. It is shown that both producers and processors are likely to gain from price stabilization.