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- W1495087708 abstract "This paper analyzes the impact of guaranteed minimum price contracts between sub- groups of farmers and a fair trade manufacturer on the spot market price. We focus on the fair trade concept in the coffee supply chain as an example. We analyze a three level vertical chain gathering perfectly competitive farmers upstream who offer their raw product to manufacturers who then sell finished products to a downstream retailer. Without fair trade, all the raw product is sold on the spot market. When a sub-group of farmers benefit from a guaranteed minimum price contract offered by a fair trade certifier, we show that farmers outside of this fair trade agreement may also benefit from a higher spot market price in cases of a limited overproduction." @default.
- W1495087708 created "2016-06-24" @default.
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- W1495087708 date "2008-08-26" @default.
- W1495087708 modified "2023-09-25" @default.
- W1495087708 title "Guaranteed minimum price contracts for some, an insurance for others?" @default.
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