A self-interest explanation is presented for opposition by some farm groups to futures markets. During the twenties and thirties, political oppositi on to futures markets was greater in the grain-producing states. The line elevator companies were prominent in these states and not others , and...

This paper reports on interesting changes in markdown pricing practices over time and differences in the pricing within a product line. The price discrimination and the uncertainty hypotheses appear to better explain the data than the peak load hypothesis. Fashion has become more important over...

Between 1954 and 1989 the seasonal variation in retail new car prices declined, while the annual percentage decline in used car prices lessened. To explain these long-term changes, this article suggests that a rise in the cost of a major model change has reduced the frequency of major model...