Commodity Price Stabilization in a Peasant Economy
分析农民家庭对价格稳定的偏好如何取决于其消费和生产决策,并计算其支付意愿,发现农民可能偏好价格稳定,且仅稳定生产者价格优于完全稳定。
Abstract The peasant household's preferences for price stabilization are shown to depend on observable parameters describing consumption and production decisions. A measure of willingness to pay is obtained for the case where the household is engaged in both the production and the consumption of the commodity in question. For plausible parameter values, it appears likely that the peasant household will prefer price stabilization and that stabilization of the producer price alone dominates complete stabilization.