AgEcon Search

AgEcon Search >
       Journal of Agricultural and Applied Economics >
          Volume 32, Number 01, April 2000 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/15388

Title: SUPPLY AND DEMAND RISKS IN LABORATORY FORWARD AND SPOT MARKETS: IMPLICATIONS FOR AGRICULTURE
Authors: Menkhaus, Dale J.
Bastian, Christopher T.
Phillips, Owen R.
O'Neill, Patrick D.
Keywords: laboratory markets
forward market
spot market
supply and/or demand risks
Issue Date: 2000-04
Abstract: Laboratory experimental methods are used to investigate the impacts of supply and/or demand risks on prices, quantities traded, and earnings within forward and spot market institutions. Random demand and/or supply shifts can be as much as 25 percent of the expected equilibrium outcome. Nevertheless, results suggest that the spot or forward trading institution itself has a greater influence on market outcomes than the presence of risk within the trading institutions. Sellers tend to have relatively higher earnings in a spot market than buyers, regardless of the risk. Total surplus, however, generally is greater in a forward market.
URI: http://purl.umn.edu/15388
Institution/Association: Journal of Agricultural and Applied Economics>Volume 32, Number 01, April 2000
Total Pages: 15
Language: English
From Page: 159
To Page: 173
Collections:Volume 32, Number 01, April 2000

Files in This Item:

File SizeFormat
32010159.pdf1136KbPDFView/Open
Recommend this item

All items in AgEcon Search are protected by copyright.

 

 

Brought to you by the University of Minnesota Department of Applied Economics and the University of Minnesota Libraries with cooperation from the Agricultural and Applied Economics Association.

All papers are in Acrobat (.pdf) format. Get Adobe Reader

Contact Us

Powered by: