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- W2145489417 abstract "This paper analyzes the effects of contracts for exhaustible resources. The conclusions are as follows: (1) for a single mine, with increased risk production for the spot market falls, long-term contracting increases, total output falls, contract length generally decreases, equilibrium spot prices increase, and contract prices may rise or fall; (2) with changing economies because of past production, output (spot prices) rises (fall) and then falls (rise), and this scalloped pattern remains with entry and storage included; and (3) contracting permits pairwise gains, may create losses for others, and prices are “fuzzy” signals as they may change for several different reasons." @default.
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- W2145489417 date "1980-09-01" @default.
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- W2145489417 title "The Effects of Supply Contracts on the Output and Price of an Exhaustible Resource" @default.
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- W2145489417 doi "https://doi.org/10.2307/1885498" @default.
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