n Agrekon - Market support schemes and their interaction : the case of the wool industry

Volume 52, Issue 3
  • ISSN : 0303-1853
  • E-ISSN: 2078-0400
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The focus of this paper is on the conduct and collapse of the Australian, South African and New Zealand wool price stabilisation schemes and the manner in which they interrelated. In particular the degree to which the Australian Wool Corporation acted as a market leader in price determination is analysed and the manner in which the South African and New Zealand authorities acted as free riders to the Australian scheme.

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