Risk and Household Grain Management in Developing Countries  

Oleh:

Park, Albert

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 116 no. 514 (2006), page 1088-1115.
Topik: MANAGEMENT; risk; household; grain management; developing countries
Fulltext: 1088.pdf (295.16KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.23 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

A dynamic model is presented of a household's joint production, storage, and trade decisions when facing transaction costs and risk in prices and yields. Grain management decisions balance the goals of maximising profits and reducing consumption price risk. Model solutions calibrated to Chinese data show that grain's consumption role makes it an attractive form of precautionary saving even when households have access to credit, the joint nature of production and savings decisions limits the income loss associated with risk - coping, and the desire to store grain can explain why subsistence households are frequently net purchasers but rarely net sellers of grain.

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