1. Introduction -- 2. Prices over space -- 3. Prices over time (storage) -- 4. Prices over time (commodity futures) -- 5. Prices over form (quality) -- 6. Prices linkages across commodity markets -- 7. Marketing margins in vertical supply chains -- 8. Auctions and competitive bidding -- 9....

Bilateral exchange and asset specific investments are becoming increasingly common as agricultural markets continue to industrialize and become vertical coordinated. The extent that well-designed contracts can prevent investment “holdup” in bilateral exchange situations has been examined...

A model of simultaneous adverse selection and moral hazard in a competitive credit market is developed and used to show that aggregate borrower welfare may be higher in the combined case than in the moral-hazard-only case. Adverse selection can be welfare improving because in the pooling...

Agricultural marketing and distribution are broad areas that cover a wide assortment of pricing and market structure issues for agricultural commodities and processed food products. A synthesizing framework is developed in order to discuss the relevant Handbook chapters and an assortment of...

Export credit is shown to be a mechanism that facilitates price discrimination. The scenario considered is one of competitive exporters' selling to a cash importer with a relatively inelastic demand schedule and a credit importer with a relatively elastic demand schedule. The spot markets of the...