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Journal of Agribusiness >
Volume 19, Number 2, Fall 2001 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/14692
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| 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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| 19020129.pdf | 187Kb | PDF | View/Open |
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