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HISTORICAL AND PRESENT FEATURES OF THE WORLD COFFEE MARKET
A BRIEF SURVEY OF THE LITERATURE ON MODELLING COMMODITY MARKETS
7 other sections not shown
aggregate analysis assumed assumption behavioural equations Brazil Brazilian cent Chapter coefficients coffee consumption coffee exports coffee price coffee producing countries coffee production coffee tree coffee types Colombia commodity markets concerning convenience yield costs decrease determined disappearance discussed econometric econometric model estimation results export quotas futures contracts futures market futures price futures trading harvest hedging I.CO importing member countries increase International Coffee Agreement inventory equation inventory holders inventory level Ivory Coast million bags Netherlands parameters price equations price formation price of storage price spread price-setting price-taking quarterly quota system rational expectations relationship respect retail price risk aversion sample period simulation results situation solution equations spot and futures spot market spot price stocks storage equation supply of coffee supply of storage Table theoretical model types of coffee Unwashed Arabicas utility function various wholesale inventories world coffee economy world coffee market