Storage and Commodity Markets is primarily a work of economic theory, concerned with how the capability to store a surplus affects the prices and production of commodities. Its focus on the behaviour, over time, of aggregate stockpiles provides insights into such questions as how much a country should store out of its current supply of food considering the uncertainty in future harvests. Related topics covered include whether storage or international trade is a more effective buffer and whether stockpiles are more useful in raw or processed form. Several chapters are devoted to analysing such government programmes as price bands, buffer stocks, and strategic reserves. This material is in the domain of applied welfare analysis with public finance. Because the theory presented is sufficiently general, it should be of interest to macroeconomists studying aggregate inventories or savings and to those in operations research studying inventory and pricing policies of large firms.

This book deals with the capability to store surplus commodities and the impact of stockpiles on prices and production.
Reviews
"...this book has much to say about commodity markets and the role of storage. In addition, it makes a number of important and well-supported points aboutp public policy. It is well worth reading." Journal of Economic Literature
"This book is of major significance in the analysis of commodity markets. It will be required reading for all students of agricultural economics; and will also be widely read by those working on metals markets and the oil market." Economic Journal



Book Information
ISBN 9780521023399
Author Jeffrey C. Williams
Format Paperback
Page Count 520
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 721g
Dimensions(mm) 229mm * 152mm * 30mm