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- W2034757452 abstract "Abstract This paper provides a rationale for the difference between contract and spot prices which is not based on risk aversion but on price discrimination. We model the behaviour of a large buyer who discriminates between two groups of sellers by signing with one of the groups an advance delivery contract for part of his requirements. His remaining purchases are executed on the spot market which may be supplied either by the other group or by both groups. The buyer recoups the premium paid on contracted output through a lower price on the spot market." @default.
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- W2034757452 date "1989-03-01" @default.
- W2034757452 modified "2023-10-01" @default.
- W2034757452 title "Advance delivery contracts, revenue pools and price discrimination" @default.
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- W2034757452 doi "https://doi.org/10.1016/0167-2681(89)90017-6" @default.
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