AN EXPERIMENTAL ECONOMICS APPROACH TO ANALYZING PRICE DISCOVERY IN FORWARD AND SPOT MARKETS
| dc.creator | Krogmeier, Joseph L. | |
| dc.creator | Menkhaus, Dale J. | |
| dc.creator | Phillips, Owen R. | |
| dc.creator | Schmitz, John D. | |
| dc.date | 2017-04-01T19:19:55Z | |
| dc.date.accessioned | 2026-07-09T03:12:54Z | |
| dc.description | Laboratory experiments are used to generate data that facilitate investigation of pricing behavior in forward and spot markets. Results suggest a tendency for prices in a spot market to converge to levels higher than those in a forward market. The difference in these market environments is the supply schedule. Buyers in a spot market are aware that supply is inelastic and become relatively aggressive bidders. Forward markets have a relatively elastic supply schedule and buyers fare better. This may motivate firms to promote forward markets and/or vertically integrate in the procurement of inputs. | |
| dc.identifier | doi:10.22004/ag.econ.15065 | |
| dc.identifier | https://ageconsearch.umn.edu/record/15065/files/29020327.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/15065 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/528600 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/15065 | |
| dc.title | AN EXPERIMENTAL ECONOMICS APPROACH TO ANALYZING PRICE DISCOVERY IN FORWARD AND SPOT MARKETS | |
| dc.type | Text |