Construct · 1 fields · 1 citations

Waugh-Oi-Massell framework: a standalone construct

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Agricultural economics

line of analysis showing that consumers can gain from price instability and competitive producers can gain from it, depending on the source of shocks.

In agricultural economics, Waugh-Oi-Massell framework refers to line of analysis showing that consumers can gain from price instability and competitive producers can gain from it, depending on the source of shocks. This meaning comes from Oi (1961) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

gain4 fields · 4 citationsjingle · one word, four constructs instability3 fields · 3 citationsjingle · one word, three constructs line4 fields · 7 citationsjingle · one word, four constructs

References

Oi, W. Y. (1961). The Desirability of Price Instability Under Perfect Competition. Econometrica, 29(1), 58. https://doi.org/10.2307/1907687

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