BACKWARD IMPLICIT CONTRACTS, PRE-COMMITMENT AND MARKET POWER IN THE INTERNATIONAL DURUM WHEAT MARKET

We devise a formal test of market power that is applied to the international durum market. The model captures the asymmetric cost structure brought about the initial payment system of the Canadian Wheat Board. The model generates testable hypotheses about market conduct and optimal strategic positioning.

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Year of publication:	1998
Authors:	Stiegert, Kyle W. ; Hamilton, Stephen F.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Crop Production/Industries \| Industrial Organization

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Extent:	application/pdf
Series:	1998 Annual meeting, August 2-5, Salt Lake City, UT.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1998 Annual meeting, August 2-5, Salt Lake City, UT Number 20833
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005338800