Computational Economics

, Volume 34, Issue 3, pp 309–322 | Cite as

On Deregulating Food Prices

Article
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Abstract

Advocated and illustrated here is stochastic approximation. That tractable tool produces quantitative estimates apt to illuminate pros and cons of various market regimes.

Keywords

Price stabilization Welfare effects Cobwebs Convergence Stochastic approximation 

JEL Classification

C63 D60 L51 Q11 

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Copyright information

© Springer Science+Business Media, LLC. 2009

Authors and Affiliations

  1. 1.Economics DepartmentBergen UniversityBergenNorway
  2. 2.Institute for Research in Economics and Business AdministrationBergenNorway

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