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Communication dans un congrès

Can markets support trade? The case of sugar

Abstract : A model of the world sugar industry shows that sugar prices are naturally chaotic. As a consequence, and contrary to the conventional creed, liberalisation, instead of damping fluctuations out, is likely to increase them. But since decision makers are risk averse, and restrain production when faced with uncertain prices, the average price level without is significantly lower than with liberalisation, thus jeopardising the benefits of a more efficient use of resources due to comparative advantage. The policy implication is that care should be taken not to create undesired situations for the right purpose of a better division of labour between nations.
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Communication dans un congrès
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https://hal.inrae.fr/hal-02838879
Déposant : Migration Prodinra <>
Soumis le : dimanche 7 juin 2020 - 12:57:42
Dernière modification le : vendredi 12 juin 2020 - 10:43:26

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  • HAL Id : hal-02838879, version 1
  • PRODINRA : 425583

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Jean-Marc Boussard, Marie-Gabrielle Piketty. Can markets support trade? The case of sugar. 24. International Conference of Agricultural Economists - Tomorrow's Agriculture: Incentives, Institutions, Infrastructure and Innovations, International Association of Agricultural Economists (IAAE). INT., Aug 2000, Berlin, Germany. 10 p. ⟨hal-02838879⟩

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