Research in Agricultural Futures Markets: Integrating the Finance and Marketing Approach

In a brief literature review, we discuss how our insight into the grounds of existence of futures markets has changed from the initial insurance perspective, to the arbitrage perspective, to the portfolio perspective, and to the current institutional perspective. We discuss futures market research within agricultural marketing, on the one hand, and within finance, on the other hand. The research within these two disciplines may be considered complementary. Subsequently, a new research model is presented which integrates both strains of research. The new research model is illustrated for the Dutch hog industry. This model is a powerful instrument in the development of new commodity futures contracts. Finally, a future research agenda for agricultural economists is presented.


Variant title:
Forschung im Warenterminhandel: Integration von Finanz- und Marketingansatz
Issue Date:
2003
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 0002-1121 (Other)
PURL Identifier:
http://purl.umn.edu/97980
Published in:
German Journal of Agricultural Economics, Volume 52, Number 6
Page range:
300-308
Total Pages:
9




 Record created 2017-04-01, last modified 2017-08-25

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