Reviving the Competitive Storage Model : A Holistic Approach to Food Commodity Prices

A Holistic Approach to Food Commodity Prices

Reviving the Competitive Storage Model : A Holistic Approach to Food Commodity Prices
We revive in this paper the empirical relevance of the competitive storage model by taking a holistic approach to food commodity prices. We augment the seminal Deaton and Laroque (1992, 1996) model by incorporating more comprehensive and realistic supply and demand factors: output and demand trends, shocks to the yield, and time-varying interest... READ MORE...

Publication date: March 2011
ISBN 9781455228065
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