Optimal pricing of primary commodities in developing countries: A model from sub-Saharan Africa
In most developing countries, especially in sub-Saharan Africa, prices received by farmers are not optimal in the sense that they do not optimize government revenues. In this paper a dynamic model for optimal pricing of primary commodities is developed. The model and results demonstrate that optimal...
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| Format: | Conference Paper |
| Language: | Inglés |
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IAEA
1997
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| Online Access: | https://hdl.handle.net/10568/50901 |
| _version_ | 1855517830377635840 |
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| author | Ehui, Simeon K. |
| author_browse | Ehui, Simeon K. |
| author_facet | Ehui, Simeon K. |
| author_sort | Ehui, Simeon K. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | In most developing countries, especially in sub-Saharan Africa, prices received by farmers are not optimal in the sense that they do not optimize government revenues. In this paper a dynamic model for optimal pricing of primary commodities is developed. The model and results demonstrate that optimal prices depend on marginal cost of the commodity stock, the exporting country's supply elasticity, the importing country's demand elasticity, the social rate of time discount. Therefore when the model is cast in a static framework, or the foreign elasticity of demand is not accounted for, the result could be biased. |
| format | Conference Paper |
| id | CGSpace50901 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1997 |
| publishDateRange | 1997 |
| publishDateSort | 1997 |
| publisher | IAEA |
| publisherStr | IAEA |
| record_format | dspace |
| spelling | CGSpace509012021-10-08T13:11:48Z Optimal pricing of primary commodities in developing countries: A model from sub-Saharan Africa Ehui, Simeon K. agricultural products commodity markets price fixing models prices exports taxes imports demand In most developing countries, especially in sub-Saharan Africa, prices received by farmers are not optimal in the sense that they do not optimize government revenues. In this paper a dynamic model for optimal pricing of primary commodities is developed. The model and results demonstrate that optimal prices depend on marginal cost of the commodity stock, the exporting country's supply elasticity, the importing country's demand elasticity, the social rate of time discount. Therefore when the model is cast in a static framework, or the foreign elasticity of demand is not accounted for, the result could be biased. 1997 2014-10-31T06:21:48Z 2014-10-31T06:21:48Z Conference Paper https://hdl.handle.net/10568/50901 en Limited Access IAEA |
| spellingShingle | agricultural products commodity markets price fixing models prices exports taxes imports demand Ehui, Simeon K. Optimal pricing of primary commodities in developing countries: A model from sub-Saharan Africa |
| title | Optimal pricing of primary commodities in developing countries: A model from sub-Saharan Africa |
| title_full | Optimal pricing of primary commodities in developing countries: A model from sub-Saharan Africa |
| title_fullStr | Optimal pricing of primary commodities in developing countries: A model from sub-Saharan Africa |
| title_full_unstemmed | Optimal pricing of primary commodities in developing countries: A model from sub-Saharan Africa |
| title_short | Optimal pricing of primary commodities in developing countries: A model from sub-Saharan Africa |
| title_sort | optimal pricing of primary commodities in developing countries a model from sub saharan africa |
| topic | agricultural products commodity markets price fixing models prices exports taxes imports demand |
| url | https://hdl.handle.net/10568/50901 |
| work_keys_str_mv | AT ehuisimeonk optimalpricingofprimarycommoditiesindevelopingcountriesamodelfromsubsaharanafrica |