Can international commodity agreements work?

Commodity agreements have been discussed for many years. However, only two agreements (for cocoa and rubber) have been concluded that do not rule out success in advance. Using an annual model of the cocoa market, the viability of the instruments agreed upon is analyzed, and ways and means to improve...

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Bibliographic Details
Published in:Journal of policy modeling 1995-06, Vol.17 (3), p.257-278
Main Authors: Van Groenendaal, W.J.H., Vingerhoets, J.W.A.
Format: Article
Language:English
Subjects:
Agreements
Buffer stock policy
Buffer stocks
Cocoa
Cocoa industry
Commodities
Commodity agreement
Commodity prices
Earnings stabilization
Economic models
Manycountries
Price stabilization
Simulation
Studies
Trade agreements
Withholding
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Summary:Commodity agreements have been discussed for many years. However, only two agreements (for cocoa and rubber) have been concluded that do not rule out success in advance. Using an annual model of the cocoa market, the viability of the instruments agreed upon is analyzed, and ways and means to improve the functioning of commodity agreements are explored.
ISSN:0161-8938
1873-8060
DOI:10.1016/0161-8938(94)00038-H