미곡 약정수매제의 효과와 수매정책 방향

• 영문명: The Effect of Rice Price Support Program and Policy Alternatives
• 발행기관: 개인저작물
• 저자명: 양승룡
• 간행물 정보: 『개인저작물 - 사회』제28권 제3호, 527~539쪽, 전체 13쪽
• 주제분류: 사회과학 > 개인저작물
• 파일형태: PDF
• 발행일자: 2001.09.01

영문 초록

This study analyzes the effect of rice price support program. The program is equivalent to a synthesized call option that provides the minimum guaranteed price to the participating farmer. The theoretical effect is graphically demonstrated. A mathematical programming model is also constructed to simulate the effect of target price changes. The simulation results show that this program can increase the farmers` income when the quantity procured by the program decreases. Since the total budget for the program is fixed each year, the rise of the target price reduces the procurement quantity. The results only show that the farmers would receive higher income without the program. Several alternatives are suggested accordingly.

키워드

Rice Price Support Program Put Option Simulation Price Risk