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Articles : Optimal Storage for a Small Open Economy under Price and Production Uncertainty
( Mary Ann Dimand ),( Robert W. Dimand ) 세종대학교 경제통합연구소 1989 Journal of Economic Integration Vol.4 No.1
In this paper we examine welfare-maximizing storage for a small open economy subject to price and production uncertainty. We show that production decisions, and the pattern of trade in some periods, may be affected by the storability of a good.
Optimal Storage for a Small Open Economy under Price and Production Uncertainty
Dimand, Mary Ann,Dimand, Robert W. 세종대학교 국제경제연구소 1989 Journal of Economic Integration Vol.4 No.1
In this paper we examine welfare-maximizing storage for a small open economy subject to price and production uncertainty. We show that production decisions, and the pattern of trade in some periods, may be affected by the storability of a good.