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- Turvey, Calum G.; Stokes, Jeffrey R.
- Canadian journal of agricultural economics 2008 v.56 no.1 pp. 79-94
- agricultural products, etc ; demand elasticities; market structure; markets; prices; revenue insurance; supply balance; supply elasticities; Show all 8 Subjects
- ... In this paper, we evaluate the proposition that market structure, including supply and demand elasticities, plays a significant role in influencing equilibrium price dynamics. We show that the more inelastic the demand and/or supply of a commodity is, the more price risk will be faced by producers of that commodity. In general one can expect greater volatility from commodities with both demand and ...