scholarly journals Forward Trading and Collusion in Supply Functions

2019 ◽  
Author(s):  
Nikolas M. Wölfing
1965 ◽  
Author(s):  
Abd ElRahman Mohmed Omer ElHadari
Keyword(s):  

2000 ◽  
Vol 37 (1) ◽  
pp. 177-195 ◽  
Author(s):  
Henry Thille ◽  
Margaret E. Slade

2018 ◽  
Vol 46 (4) ◽  
pp. 579-608 ◽  
Author(s):  
Philippe Bontems ◽  
Céline Nauges

Abstract We develop a theoretical model that describes risk-averse farmers’ decisions when facing production risk due to uncertain weather conditions and when irrigation water can be traded on a market. We focus on the role of initial water allocations granted to irrigated farms at the start of the season. The presence of water markets makes the future water price uncertain and hence the value of initial water allocations uncertain. We analyse the properties of this background risk and study how initial water allocations impact farmers’ land allocation decisions between an irrigated crop and a non-irrigated crop, both characterised by random expected net returns. We then extend the model by permitting irrigation water to be traded ex-ante at a known price (forward market). Finally, we illustrate our main theoretical findings using simulations. We calibrate distributions of the random variables based on observed data from the Murray–Darling Basin in Australia where a water market has been in place for several decades.


Virology ◽  
1992 ◽  
Vol 190 (2) ◽  
pp. 682-688 ◽  
Author(s):  
John McLauchlan ◽  
Clare Addison ◽  
Marianne C. Craigie ◽  
Frazer J. Rixon
Keyword(s):  

Author(s):  
Bert Willems ◽  
Ina Rumiantseva ◽  
Hannes Weigt

1991 ◽  
Vol 13 (2) ◽  
pp. 175-183 ◽  
Author(s):  
Giovanni A. Caravale

The present note is a development of a paper I presented some four years ago at the 1987 meeting of the History of Economics Society (Caravale 1987), and that was later published in Rivista di Politico Economica in an expanded version (Caravale 1988). The aim of these two writings was to emphasize that—contrary to what is often maintained—demand conditions play a fundamental role in classical and classical-type theories. This role is different from that played by demand in neoclassical theories (where equilibrium prices are determined by demand and supply functions), and is so to speak “internal” to the theory of natural equilibrium since it is connected with the definition, for each situation, of the Smithian “point of effectual demand.” Before turning to the specific object of this note, let me recall very briefly the main points of the general thesis developed in the above-mentioned papers.


Sign in / Sign up

Export Citation Format

Share Document