@article{Chavas:201527,
      recid = {201527},
      author = {Chavas, Jean-Paul},
      title = {On Storage Behavior Under Imperfect Competition},
      address = {2006-10},
      number = {1803-2016-142525},
      series = {FSWP},
      pages = {29},
      year = {2006},
      abstract = {This paper investigates the economic implications of  storage behavior under imperfect
competition. It evaluates  the economic dynamics implied by a storage firm under  alternative
market structures. This includes perfect  competition as well as imperfect competition under
Cournot  behavior. The conceptual analysis is used to specify and  estimate a model of storage
behavior, with an econometric  application to the US American cheese market. The  empirical
results provide statistical evidence of  non-competitive storage behavior. They show that  the
exercise of market power contributes to reduced stock  fluctuations and increased price
instability in the US  cheese market.},
      url = {http://ageconsearch.umn.edu/record/201527},
      doi = {https://doi.org/10.22004/ag.econ.201527},
}