Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum Prices
Autor(a) principal: | |
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Data de Publicação: | 2015 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Brasileira de Economia (Online) |
Texto Completo: | https://periodicos.fgv.br/rbe/article/view/7375 |
Resumo: | In this article, we analyze the use of descending clock auctions in the implementation of a minimum pricing policy. This type of auction has been used by the Brazilian government policy of support for agricultural prices since 1997. We propose a clock auction model along the lines used by the Brazilian government and derive its main implications. Based on data from auctions already held and implications of the theoretical model, we conclude that the following factors are crucial to minimize the costs of implementing a minimum price policy via auctions: the choice of product to be auctioned, amount auctioned, reserve price, and the rules used in the implementation of the auction. |
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Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum PricesAuctionsagricultural policyprice supportBrazilIn this article, we analyze the use of descending clock auctions in the implementation of a minimum pricing policy. This type of auction has been used by the Brazilian government policy of support for agricultural prices since 1997. We propose a clock auction model along the lines used by the Brazilian government and derive its main implications. Based on data from auctions already held and implications of the theoretical model, we conclude that the following factors are crucial to minimize the costs of implementing a minimum price policy via auctions: the choice of product to be auctioned, amount auctioned, reserve price, and the rules used in the implementation of the auction. EGV EPGE2015-12-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticlesArtigosapplication/pdfhttps://periodicos.fgv.br/rbe/article/view/7375Revista Brasileira de Economia; Vol. 69 No. 4 (2015): Out-Dez; 503-517Revista Brasileira de Economia; v. 69 n. 4 (2015): Out-Dez; 503-5171806-91340034-7140reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGVporhttps://periodicos.fgv.br/rbe/article/view/7375/56231Vieira, Wilson da Cruzinfo:eu-repo/semantics/openAccess2016-12-16T12:18:51Zoai:ojs.periodicos.fgv.br:article/7375Revistahttps://periodicos.fgv.br/rbe/https://periodicos.fgv.br/rbe/oai||rbe@fgv.br1806-91340034-7140opendoar:2024-03-06T13:03:33.003731Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)true |
dc.title.none.fl_str_mv |
Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum Prices |
title |
Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum Prices |
spellingShingle |
Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum Prices Vieira, Wilson da Cruz Auctions agricultural policy price support Brazil |
title_short |
Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum Prices |
title_full |
Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum Prices |
title_fullStr |
Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum Prices |
title_full_unstemmed |
Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum Prices |
title_sort |
Auctioning off Prizes for Agricultural Product Flow under a Policy of Minimum Prices |
author |
Vieira, Wilson da Cruz |
author_facet |
Vieira, Wilson da Cruz |
author_role |
author |
dc.contributor.author.fl_str_mv |
Vieira, Wilson da Cruz |
dc.subject.por.fl_str_mv |
Auctions agricultural policy price support Brazil |
topic |
Auctions agricultural policy price support Brazil |
description |
In this article, we analyze the use of descending clock auctions in the implementation of a minimum pricing policy. This type of auction has been used by the Brazilian government policy of support for agricultural prices since 1997. We propose a clock auction model along the lines used by the Brazilian government and derive its main implications. Based on data from auctions already held and implications of the theoretical model, we conclude that the following factors are crucial to minimize the costs of implementing a minimum price policy via auctions: the choice of product to be auctioned, amount auctioned, reserve price, and the rules used in the implementation of the auction. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-12-02 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Articles Artigos |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://periodicos.fgv.br/rbe/article/view/7375 |
url |
https://periodicos.fgv.br/rbe/article/view/7375 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://periodicos.fgv.br/rbe/article/view/7375/56231 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
EGV EPGE |
publisher.none.fl_str_mv |
EGV EPGE |
dc.source.none.fl_str_mv |
Revista Brasileira de Economia; Vol. 69 No. 4 (2015): Out-Dez; 503-517 Revista Brasileira de Economia; v. 69 n. 4 (2015): Out-Dez; 503-517 1806-9134 0034-7140 reponame:Revista Brasileira de Economia (Online) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Revista Brasileira de Economia (Online) |
collection |
Revista Brasileira de Economia (Online) |
repository.name.fl_str_mv |
Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV) |
repository.mail.fl_str_mv |
||rbe@fgv.br |
_version_ |
1798943114467999744 |