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ON THE HIDDEN REVENUE EFFECTS OF WOOL PRICE STABILISATION IN AUSTRALIA: INITIAL RESULTS

โœ Scribed by Campbell, R. ;Gardiner, B. ;Haszler, H.

Book ID
115212797
Publisher
Wiley (Blackwell Publishing)
Year
1980
Tongue
English
Weight
949 KB
Volume
24
Category
Article
ISSN
0004-9395

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A theoretical model of the wool market that distinguishes between large and small buyers is developed. The model forecasts that "large" buyers with a cost advantage will increase grower prices providing there is competition from a periphery of small, relatively high cost buyers. Econometric estimate