Price floors (and ceilings) are a common form of government intervention in resource and commodity markets. Hard price floors are usually implemented as unlimited buyback by the government in order to avoid the price falling below some trigger level, while soft floors are typically implemented...

Abstract. Governments often impose price floors to protect sellers against low prices in markets characterized by uncertainty. Hard floors arise in grain and currency markets whenever the government acquisitions at the support price are unconstrained. Soft floors arise whenever such acquisitions...

Abstract. Price floors are common policies in markets for storable goods such as commodities, bankable emissions permits, and currencies. Hard price floors are implemented as unlimited governmental buybacks and prevent the price from falling below the floor; soft floors, including those...