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Since we assume that the speculator's commodity is differentiable (by its quality) from others, a consumer should have a varying willingness to pay upon the differentiated commodities.
7 In this regard, we are implicitly assuming that a consumer evaluates quality differentiated commodities within the mixture of the commodities.
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Many transactions in a product supply chain involve quality coordinations among vertically differentiated intermediate commodities.
They are, however, differentiated from commodities in that participation requires specific skills, which are dynamic in form and continuously subject to constraints of innovation, refinement and creativity by participants.
Olive oil is no longer a commodity or even a weakly differentiated good.
Despite this fact, most of the studies about the U.S. pork industry have been carried out considering aggregate commodity prices, and treating the pork product as a non-differentiated good.
We believe IP telephony is a commodity product differentiated by price, which is not our cup of tea from an investment standpoint.
Here x denotes a composite commodity that is differentiated from the generic type in question.
Cinema is evolving from a commodity into a business that sells differentiated products at varied prices.
Competing and differentiated financial broker-dealers currently exist in other commodity markets.
In one of a number of reports on the New Zealand red meat sector it was identified that the sector was dominated by commodity supply chains as opposed to differentiated value chains (McLeod et al. 2011).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com