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

See all articles by Joost M. E. Pennings

Joost M. E. Pennings

Maastricht University; Wageningen University and Research (WUR); University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Date Written: November 8, 2002

Abstract

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

Pennings, Joost M. E., An European Perspective on Research in Agricultural Futures Markets: Past, Present and Future (November 8, 2002). Univ. of Illinois, Agricultural & Cons. Economics Working Paper No. 02-50, Available at SSRN: https://ssrn.com/abstract=350201 or http://dx.doi.org/10.2139/ssrn.350201

Joost M. E. Pennings (Contact Author)

Maastricht University ( email )

P.O. Box 616
Maastricht, Limburg 6200MD
Netherlands

HOME PAGE: http://marketing-finance.nl/cv/cvpennings.pdf

Wageningen University and Research (WUR) ( email )

Hollandseweg 1
Wageningen, 6706KN
Netherlands

HOME PAGE: http://marketing-finance.nl/cv/cvpennings.pdf

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

1301 W. Gregory Drive
326 Mumford Hall MC-710
Urbana, IL 61801
United States
217-244-1284 (Phone)
217-333-5538 (Fax)

HOME PAGE: http://marketing-finance.nl/cv/cvpennings.pdf

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