| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
AN EXPERIMENTAL ECONOMICS APPROACH TO ANALYZING PRICE DISCOVERY IN FORWARD AND SPOT MARKETS
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| Autores: |
Krogmeier, Joseph L.
Menkhaus, Dale J.
Phillips, Owen R.
Schmitz, John D.
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| Data: |
2003-01-30
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| Ano: |
1997
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| Palavras-chave: |
Experimental economics
Forward market
Price discovery
Spot market
Marketing
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| Resumo: |
Laboratory experiments are used to generate data that facilitate investigation of pricing behavior in forward and spot markets. Results suggest a tendency for prices in a spot market to converge to levels higher than those in a forward market. The difference in these market environments is the supply schedule. Buyers in a spot market are aware that supply is inelastic and become relatively aggressive bidders. Forward markets have a relatively elastic supply schedule and buyers fare better. This may motivate firms to promote forward markets and/or vertically integrate in the procurement of inputs.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
6952
http://purl.umn.edu/15065
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 29, Number 02, December 1997
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| Formato: |
10
application/pdf
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