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The conference focuses on the crucial linkage between wholesale and retail markets. We think of the market structure as a triangle with three key elements °(TM) regulatory policy, prices, and technolo...
Price Linkages between Chinese and World Main Food Markets
Food market Market Integration Cointegration
2009/4/28
This study, using cointegration method, examined the integration of Chinese rural free
markets and selected world markets of rice, wheat, corn, soybean, peanut oil and hog.
The results show that, ge...
There is a curious divergence between the debate over how to provide access and price transmission services, and the real source of the bulk of transmission revenues. The fact is that a small compon...
OF MARKETS AND MIDDLEMEN:THE ROLE OF BROKERS IN ETHIOPIA
markets middlemen Brokers Ethiopia
2009/4/28
Using survey data on traders and brokers in the Ethiopian foodgrain market,
this paper reveals that the brokerage institution is critical to market
performance in that it enables traders to circum...
On the co-existence of spot and contract markets: the delivery requirement
spot market contract externality co-existence delivery requirement
2009/4/28
A contract between an upstream and a downstream party consists of a contract price and a delivery requirement. Contract formation entails an externality. It changes the probability distribution of the...