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Please use this identifier to cite or link to this item: http://purl.umn.edu/14692

Title: SUCCESS AND FAILURE OF AGRICULTURAL FUTURES CONTRACTS
Authors: Brorsen, B. Wade
Fofana, N'Zue F.
Keywords: active cash market
buyer concentration
Delphi approach
futures markets
homogeneity
open interest
volume
Issue Date: 2001
Abstract: Most new futures contracts fail. This study estimates the effects of several factors on the success or failure of agricultural futures contracts. Commodities with futures markets and without futures markets are included. Characteristics for which no data exist, such as homogeneity, vertical integration, buyer concentration, and activeness of the cash market, are measured by the Delphi approach. An active cash market is found to be necessary for futures contract success since this variable alone perfectly predicts whether or not a commodity has a futures market.
URI: http://purl.umn.edu/14692
Institution/Association: Journal of Agribusiness>Volume 19, Number 2, Fall 2001
Total Pages: 17
Language: English
From Page: 129
To Page: 145
Collections:Volume 19, Number 2, Fall 2001

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