Why There Are Organized Futures Markets

Why There Are Organized Futures Markets

THE AUTHOR PRESENTS AN EXPLANATION OF THE EXISTENCE OF ORGANIZED FUTURES MARKETS WITH MORE PREDICTIVE POWER THAN TWO PREVAILING RIVAL VIEWS. AN ORGANIZED FUTURES MARKET FACILITATES TRADE AMONG STRANGERS, AND IN EXPOUNDING ON THIS, THE AUTHOR ANALYZES THE OTHER VIEWS. HE BELIEVES THE CORRECT EXPLANAT...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:The Journal of law & economics 1981-04, Vol.24 (1), p.1-22
1. Verfasser: Telser, Lester G.
Format: Artikel
Sprache:eng
Schlagworte:
BUSINESS
Commodities
Commodity futures
ECONOMIC THEORY
FINANCIAL SERVICE, BANKS, INSURANCE SYSTEMS, SECURITIES, EXCHANGES
Forward contracts
Futures
Futures contracts
Futures markets
LAW AND LEGAL SYSTEMS
Liquidity
Market prices
Merchants
POLITICAL ECONOMY
Risk aversion
Speculators
STOCK MARKET
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:THE AUTHOR PRESENTS AN EXPLANATION OF THE EXISTENCE OF ORGANIZED FUTURES MARKETS WITH MORE PREDICTIVE POWER THAN TWO PREVAILING RIVAL VIEWS. AN ORGANIZED FUTURES MARKET FACILITATES TRADE AMONG STRANGERS, AND IN EXPOUNDING ON THIS, THE AUTHOR ANALYZES THE OTHER VIEWS. HE BELIEVES THE CORRECT EXPLANATION IS CLOSELY RELATED TO WHY TRADE IS CONDUCTED USING MONEY INSTEAD OF BARTER.
ISSN:0022-2186
1537-5285
DOI:10.1086/466971