Comment on Top-of-the-market Contract-pricing Clauses PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Comment on Top-of-the-market Contract-pricing Clauses PDF full book. Access full book title Comment on Top-of-the-market Contract-pricing Clauses by Sheldon Kimmel. Download full books in PDF and EPUB format.
Author: Sheldon Kimmel Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Xia and Sexton find anti-competitive effects from contracts between meat-packers and ranchers that require delivery of all of a contracting rancher's cattle to the packer it contracted with at the highest price cattle wind up selling for in the spot market (i.e., the "Top-of-the-Market" price). While XS recommend banning such clauses, this comment shows that the SX model is too unrealistic to support such a conclusion. Since TOMP clauses can provide important benefits to society, and there is no particular reason to think that they are harmful, they should not be banned.