Using detailed transaction-level data of a large wholesale produce market in China, this paper explores the value of relational contracting alongside an active spot market and suggests the strategic complementarity between the two.

We review the theoretical and empirical literatures on market power in dynamic models of markets for renewable and non-renewable natural resources.

We apply the Rausser-Simon multilateral bargaining model to a specific negotiation process, involving water storage capacity and use in the upper part of the Adour Basin in south-western France.