| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7348982 | Economics Letters | 2018 | 11 Pages |
Abstract
Our model of strategic behavior in sequential markets exhibits a persistent forward price premium. This premium is not susceptible to arbitrage by speculators on the forward market, since purchasers prefer forward contracts backed by producers with market power.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Keith Ruddell, Anthony Downward, Andy Philpott,