Examination of Market Mechanism Function in Supply and Demand Adjustment under Private Distribution Systems for Wheat and Barley in Japan

DOI

Bibliographic Information

Other Title
  • 麦民間流通下の需給調整における市場メカニズム機能の検討
  • The Case of Fukuoka Prefecture
  • −福岡県を事例として−

Description

This paper examines whether the market mechanism works in the wheat and barley market for adjusting supplies among varieties in the case of Fukuoka prefecture, Japan under a private distribution system. The results are as follows. The market prices well reflect the ‘mismatch’ between the scheduled quantity of supply and the preferred quantity to purchase for each variety in the market. However, such price signals cannot smoothly derive the planting adjustments among varieties of wheat and barley. The reason for this is that the incentive of the market price is diminished by the subsidy policy. Consequently, irrespective of the market demand, farmers tend to avoid varieties which are difficult and/or costly to cultivate．

Journal

Keywords

Details 詳細情報について

  • CRID
    1390300755745841920
  • DOI
    10.18921/amsj.32.1_53
  • ISSN
    24240427
    1341934X
  • Text Lang
    ja
  • Data Source
    • JaLC
  • Abstract License Flag
    Disallowed

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