Doyon, Maurice; Rondeau, Daniel; Mbala, Richard - In: Agricultural and Resource Economics Review 39 (2010) 2
dramatically improve the flow of information among market participants and increase efficiency. On the other hand, prevailing … behavior and decrease equilibrium prices, and assess how it impacts efficiency. The results show that the T-kDA significantly … lowers the equilibrium price and results in moderate efficiency losses. Most importantly, the T-kDA effectively counters the …