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Abstract The limited presence of futures exchanges in developing countries where commodity markets fall short of the ideal underscore the importance of understanding the relation between spot and futures markets. The paper examines the exceptional success of the soya oil contract at the National...
Persistent link: https://www.econbiz.de/10009445121
We examine the interaction of marketing channel members and the influence of these interactions on incentives …, coordination costs, and risk allocation strategies in a food marketing channel. For this purpose we specify a three-stage principal …-agent marketing channel model involving producers, wholesalers, retailers and a futures market. We compare the situation with and …
Persistent link: https://www.econbiz.de/10009445153
Risk and uncertainty in a water market will generate trading patterns that differ from those expected under conditions of perfect foresight. Although trades will occur based on differences in VMPs of water in both markets, they will also be generated by differences in risk. Some farmers will...
Persistent link: https://www.econbiz.de/10009443454
In this paper, we make an attempt to rationalize the strategic behavior of major peanut exporting and importing countries in the framework of imperfectly competitive markets with the focus on the global and inter-American peanut trade. This study is motivated by the fact that liberalizing...
Persistent link: https://www.econbiz.de/10009442538
In this paper, we make an attempt to rationalize the strategic behavior of major peanut exporting and importing countries in the framework of imperfectly competitive markets with the focus on the global and inter-American peanut trade. This study is motivated by the fact that liberalizing...
Persistent link: https://www.econbiz.de/10009442908
With the recent (2002) elimination of the longstanding "marketing quota" system that supported domestic peanut prices … program have potentially important economic implications not just for the individual farm households that produce peanuts, but … main difficulties faced by U.S. peanut producers following the elimination of the marketing quota system has been the loss …
Persistent link: https://www.econbiz.de/10009446857
The use of financial incentives in construction projects has been seen as a way to improve short term motivation, collaboration and reinforce long term commitment between project stakeholders. Yet, very little empirical research has been conducted into how financial incentives should be applied...
Persistent link: https://www.econbiz.de/10009437563
incentive mechanisms take many forms in construction contracts, including: profit sharing in cost plus incentive contracts …, bonus performance provisions attached to various lump sum and cost reimbursable contracts, and multiple financial incentive …
Persistent link: https://www.econbiz.de/10009437675
The use of appropriate financial incentives within construction projects can contribute to strong alignment of project stakeholder motivation with project goals. However, effective incentive system design can be a challenging task and takes skillful planning by client managers in the early...
Persistent link: https://www.econbiz.de/10009437867
Client-side project managers face challenges in motivating project organisations to pursue exceptional design and construction performance. One approach to improving the motivation of project organisations is by offering a financial incentive reward for the achievement of voluntary performance...
Persistent link: https://www.econbiz.de/10009437942