A simple wool marketing simulation model : a thesis presented in partial fulfillment of the requirements for the degree of Master of Agricultural Science at Massey University

Abstract

The New Zealand Wool Marketing Study Group was set up in December, 1964 to investigate and report on all relevant aspects of wool marketing. The terms of reference of the Wool Marketing Study Group included the requirement that they should examine methods of containing wool price fluctuations whilst retaining the existing auction system as the basic method for the disposal of wool. The present study, supported in part by the Wool Marketing Study Group, examines what the effect would have been if alternative Wool Commission floor and ceiling price policies had been in force at New Zealand wool auctions for the historical period 1952/53 through 1965/66. [From Introduction]