My dissertation research is composed of three essays to investigate the role of procurement contracting, market structural features, and market participants¡¦ behavior as determinants of the implications of contracting for spot price determination, market segments, and welfare effects. A key...

Theoretical and simulation results clarify the role of forward procurement contracting as a determinant of spot price levels and volatility. A stylized model determines market share across quality when procurers forward contract to manage quality risk. Actual supply is specified as price...

Game-based bargaining theory is presented to evaluate the potential of and stability of cooperative coalition among producers for enhancing producer returns and managing market price and income risk. Results clarify that collective bargaining can increase and stabilize producer profits when they...

Theoretical and simulation results clarify the role of procurement contracting in determining spot price levels and volatility. A generic model determines market share across quality. Actual supply is specified as price dependent and stochastic. Simulation examines the sensitivity of price level...

This paper reconsiders the impacts of generic advertising on commodity prices that may be induced through demand effects. Rather than considering a simple demand shift, we consider the possibility that advertising leads to a change in the curvature of the demand curve. In this case, generic...

This investigation examines the correlations of oil prices, gold prices and the NT dollar versus U.S. dollar exchange rate during 2007/09/03–2011/12/28. Johansen co-integration test, VAR model, Granger causality test, impulse response analysis, and variance decomposition method were used to...