An European Perspective on Research in Agricultural Futures Markets: Past, Present and Future
Univ. of Illinois, Agricultural & Cons. Economics Working Paper No. 02-50
22 Pages Posted: 23 Jan 2003
Date Written: November 8, 2002
In this paper we discuss how our insight into the grounds of existence of futures markets has changed. 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. This model is a powerful instrument in the development of new commodity futures contracts. Finally, a future research agenda for agricultural economists is presented.
Keywords: Agricultural futures markets, hedging theory, research models
JEL Classification: G1, Q0
Suggested Citation: Suggested Citation