Abstract
A country benefits from an abnormally good harvest of a crop. What proportion of this crop should be carried forward to be consumed in future years? If the storage decision were left to the market, would the optimal carryover result? And is it possible to provide an explicit representation of the competitive storage function?
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© 1988 Kluwer Academic Publishers
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Gilbert, C.L. (1988). Optimal and Competitive Storage Rules: the Gustafson Problem Revisited. In: Guvenen, O. (eds) International Commodity Market Models and Policy Analysis. Advanced Studies in Theoretical and Applied Econometrics, vol 13. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1167-3_2
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DOI: https://doi.org/10.1007/978-94-009-1167-3_2
Publisher Name: Springer, Dordrecht
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