. Tests of causality indicated that futures prices strongly influence variations in spot price eight weeks or more to maturity … spot to futures. Risk constancy or neutrality, equality of risk premium and spot price, and efficiency were rejected for … and marketing decisions (e.g., ≥ 77 weeks) on the basis of futures market price can result in misallocation of resources …

This study aims to analyze the empirical results of marketing margins and price transmission of some agricultural … that with the price transmission of the two products tested there is greater difficulty in passing on the producer price … final product price. Moreover, the greater perishability of lettuce influences the results significantly. …

The impact on price of current product quality and reputation are estimated using data from the market for Bordeaux … reputation. Equations determining price and expected quality are estimated jointly. The empirical findings show that the price … wine. A model is proposed in which price is a function of current quality and expected quality, where the latter depends on …

In an auction with a buy price, a seller offers bidders the opportunity to forgo competing in an auction by transacting … auction's reserve price and buy price, she does best to keep her aspirations sufficiently low by designing a no …-reserve auction with a buy price low enough that some bidder types would exercise it with positive probability in equilibrium. The …