Wholesaler stocks and hoarding in rice markets in India

Raghbendra Jha; Hari Nagarajan

Wholesaler stocks and hoarding in rice markets in India

Research output: Contribution to journal › Article

Abstract

This paper examines how a combination of local and marketwise uncertainties can lead to order imbalances at the level of wholesalers. Do wholesalers have a tendency to hold more than optimal inventory in response to uncertainties in the market? More importantly, is such overshooting mean reverting? Finally, why, in the context of integrated markets, should there be such hoarding on the part of the wholesalers, for integrated markets imply hat information is mobile across centres, at least in the long run?

Original language	English
Pages (from-to)	2658-2661
Journal	Economic and Political Weekly
Volume	33
Issue number	41
Publication status	Published - 1998

Cite this

@article{77f43c36c8944a8191fb33c81955f1e9,

title = "Wholesaler stocks and hoarding in rice markets in India",

abstract = "This paper examines how a combination of local and marketwise uncertainties can lead to order imbalances at the level of wholesalers. Do wholesalers have a tendency to hold more than optimal inventory in response to uncertainties in the market? More importantly, is such overshooting mean reverting? Finally, why, in the context of integrated markets, should there be such hoarding on the part of the wholesalers, for integrated markets imply hat information is mobile across centres, at least in the long run?",

author = "Raghbendra Jha and Hari Nagarajan",

year = "1998",

language = "English",

volume = "33",

pages = "2658--2661",

journal = "Economic and Political Weekly",

issn = "0012-9976",

publisher = "Economic and Political Weekly",

number = "41",

}

TY - JOUR

T1 - Wholesaler stocks and hoarding in rice markets in India

AU - Jha, Raghbendra

AU - Nagarajan, Hari

PY - 1998

Y1 - 1998

N2 - This paper examines how a combination of local and marketwise uncertainties can lead to order imbalances at the level of wholesalers. Do wholesalers have a tendency to hold more than optimal inventory in response to uncertainties in the market? More importantly, is such overshooting mean reverting? Finally, why, in the context of integrated markets, should there be such hoarding on the part of the wholesalers, for integrated markets imply hat information is mobile across centres, at least in the long run?

AB - This paper examines how a combination of local and marketwise uncertainties can lead to order imbalances at the level of wholesalers. Do wholesalers have a tendency to hold more than optimal inventory in response to uncertainties in the market? More importantly, is such overshooting mean reverting? Finally, why, in the context of integrated markets, should there be such hoarding on the part of the wholesalers, for integrated markets imply hat information is mobile across centres, at least in the long run?

M3 - Article

VL - 33

SP - 2658

EP - 2661

JO - Economic and Political Weekly

JF - Economic and Political Weekly

SN - 0012-9976

IS - 41

ER -

Wholesaler stocks and hoarding in rice markets in India

Abstract

Fingerprint

Cite this