Research Article
Booms and Busts in Chinese Agricultural Markets: An Agent-Based Model
Table 3
Price variance reductions due to intervention under alternative settings.
| | | Garlic | Ginger | | Model parameter or varies by | Model parameter or varies by | | –5 % | +5% | –20% | +20% | –5% | +5% | –20% | +20% |
| | a | 12.44% | 11.92% | 6.06% | 19.98% | 50.22% | 50.79% | 48.29% | 38.42% | | b | 14.76% | 9.60% | 16.98% | 12.48% | 51.07% | 45.71% | 67.41% | 48.94% | | c | 13.87% | 10.58% | 22.67% | 4.22% | 50.66% | 50.36% | 36.17% | 46.12% | | d | 13.78% | 15.26% | 40.63% | 24.72% | 50.29% | 50.51% | 53.03% | 50.71% | | e | 12.28% | 13.94% | 29.47% | 39.12% | 51.33% | 52.65% | 63.13% | 77.22% | | 12.66% | 16.94% | 43.89% | 1.87% | 50.07% | 55.11% | 82.62% | 25.18% | | γ | 15.02% | 11.14% | 13.91% | 26.83% | 50.51% | 50.28% | 46.06% | 68.19% | | ε | 14.39% | 18.11% | 11.58% | 33.56% | 50.52% | 50.93% | 49.14% | 55.26% | | 15.73% | 13.92% | –3.31% | –39.12% | 55.45% | 50.57% | 3.28% | –1.46% |
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