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Solving Stochastic Models of Competitive Storage and Trade by Chebychev Collocation Methods

Published online by Cambridge University Press:  15 September 2016

Mario J. Miranda  and
Joseph W. Glauber
Mario J. Miranda
Affiliation:
The Ohio State University
Joseph W. Glauber
Affiliation:
Office of the Secretary of Agriculture
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Abstract

We show how to solve the stochastic spatial-temporal price equilibrium model numerically using the Chebychev collocation method. We then use the model to analyze the joint and interactive stabilizing effects of competitive storage and trade.

Type
Articles
Information
Agricultural and Resource Economics Review , Volume 24 , Issue 1 , April 1995 , pp. 70 - 77
Copyright
Copyright © 1995 Northeastern Agricultural and Resource Economics Association 

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