Research Article
Booms and Busts in Chinese Agricultural Markets: An Agent-Based Model
Figure 3
Intervention results of the government-guidance price policy. The figures show the average market fraction of speculators (weight S) and average price volatilities under different proportions of producers following government-guided price (parameter h). (a): The average market fraction of speculators is barely affected by the parameter h. (b): More producers following the government-guided price help to reduce price volatility.
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