Listorti, Giulia; Esposti, Roberto - 2008
. These prices are endogenous as they depend (pricetransmission equation) on a EU key-price, which is, in turn, endogenously … worldprice endogenous, we propose a system of equations where the EU key-price and the world price aresimultaneously determined …-formation equation, while price transmission across EU countriesremains unaffected. This approach is here applied to the case of soft …