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| Author: | Slade, M. E. Thille, H. |
| Title: | Commodity spot prices: an exploratory assessment of market structure and forward-trading effects |
| Journal: | Economica
2006 : MAY, VOL. 73:290, p. 229-256 |
| Index terms: | commodity prices market structure trading volumes |
| Language: | eng |
| Abstract: | This article assesses how characteristic of product and forward markets affect levels and volatilities of commodity spot prices. It examines for example how product market structure and forward market trading affect spot market games and the links between product market structure and spot price stability. The results show for example that market structure models of price level but not price stability receive support and that increased forward trading leads to lower prices. |
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