Surplus disposal in world markets: an application to Egyptian cotton

E. A. Monke, Dennis C Cory, D. G. Heckerman

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

In many countries, agricultural exports are managed directly by governments. A frequent problem encountered by policy makers involves the accumulation of unwanted surpluses caused by domestic price support programs, unforeseen declines in world demand, or unexpected shifts in the domestic supply-demand balance. The intertemporal use of the world markets as a means to eliminate these surpluses are examined. The analytical results follow directly from the theory of storage. They are applied to an analysis of the Egyptian ELS cotton market, where stock levels in the early 1980s became about six times as large as normal carryout. Estimation results suggest that optimal disposal plans may frequently involve selling surplus stocks in a single year. -from Authors

Original languageEnglish (US)
Pages (from-to)570-579
Number of pages10
JournalAmerican Journal of Agricultural Economics
Volume69
Issue number3
StatePublished - 1987

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world markets
Administrative Personnel
surpluses
cotton
stock exchange
agricultural subsidies
Cotton
Surplus
World market
Disposal

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

Cite this

Surplus disposal in world markets : an application to Egyptian cotton. / Monke, E. A.; Cory, Dennis C; Heckerman, D. G.

In: American Journal of Agricultural Economics, Vol. 69, No. 3, 1987, p. 570-579.

Research output: Contribution to journalArticle

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