Chavas, Jean-Paul; Despins, Paula M.; Fortenbery, T. Randy - In: American Journal of Agricultural Economics 82 (2000) 2, pp. 260-273
A conceptual model of storage behavior is developed. Optimal intertemporal pricing is derived to analyze the effects of transaction costs on storage andarbitrage pricing. It is shown how transaction costs can rationalize the existence of an inverse carrying charge for inventory. The model is...
