Burman, Anirudh; Roy, Shubho; Shah, Ajay; Patnaik, Ila - 2022
The agricultural markets in India suffer from high price volatility. There may be an element of a Samuelson Cobweb Model at work, which generates a cycle of boom and bust. When food prices are high, consumers protest and in the years when food prices are low, farmers are in distress and demand...