메뉴 건너뛰기




Volumn 91, Issue 1, 2009, Pages 154-167

Do futures benefit farmers?

Author keywords

Commodity markets; Futures; Natural rubber; Rational expectations; Storage model; Welfare analysis

Indexed keywords

COMMODITY MARKET; COMPUTER SIMULATION; INVENTORY; MODELING; RUBBER; WELFARE ECONOMICS;

EID: 58149506860     PISSN: 00029092     EISSN: 14678276     Source Type: Journal    
DOI: 10.1111/j.1467-8276.2008.01162.x     Document Type: Article
Times cited : (15)

References (32)
  • 1
    • 0000049341 scopus 로고
    • "The Simultaneous Determination of Spot and Futures Prices in a Simple Model with Production Risk"
    • Britto, R. 1984. "The Simultaneous Determination of Spot and Futures Prices in a Simple Model with Production Risk." Quarterly Journal of Economics 99:351-65.
    • (1984) Quarterly Journal of Economics , vol.99 , pp. 351-365
    • Britto, R.1
  • 2
    • 85068672150 scopus 로고    scopus 로고
    • "International Market Responses to the Asian Crises for Rubber, Cocoa and Coffee"
    • In F. Gérard and F. Ruf, eds. Richmond, UK: Curzon Press
    • Burger, K., and H.P. Smit. 2001. "International Market Responses to the Asian Crises for Rubber, Cocoa and Coffee." In F. Gérard and F. Ruf, eds. Agriculture in Crisis: People, Commodities and Natural Resources in Indonesia, 1996-2000. Richmond, UK: Curzon Press, pp. 31-48.
    • (2001) Agriculture in Crisis: People, Commodities and Natural Resources in Indonesia, 1996-2000 , pp. 31-48
    • Burger, K.1    Smit, H.P.2
  • 5
    • 1342299768 scopus 로고    scopus 로고
    • "Crop Insurance as a Tool for Price and Yield Risk Management"
    • In R.E. Just and R.D. Pope, eds. Boston: Kluwer Academic Press, ch. 20
    • Coble, K.H., and T.O. Knight. 2001. "Crop Insurance as a Tool for Price and Yield Risk Management." In R.E. Just and R.D. Pope, eds. A Comprehensive Assessment of the Role of Risk in U.S. Agriculture. Boston: Kluwer Academic Press, ch. 20, pp. 445-68.
    • (2001) A Comprehensive Assessment of the Role of Risk in U.S. Agriculture , pp. 445-468
    • Coble, K.H.1    Knight, T.O.2
  • 6
    • 0000271915 scopus 로고    scopus 로고
    • "Competitive Storage and Commodity Price Dynamics"
    • Deaton, A., and G. Laroque. 1996. "Competitive Storage and Commodity Price Dynamics." Journal of Political Economy 104:896-923.
    • (1996) Journal of Political Economy , vol.104 , pp. 896-923
    • Deaton, A.1    Laroque, G.2
  • 9
    • 38249030777 scopus 로고
    • "Antithetic Acceleration of Monte Carlo Integration in Bayesian Inference"
    • Geweke, J. 1988. "Antithetic Acceleration of Monte Carlo Integration in Bayesian Inference." Journal of Econometrics 38:73-90.
    • (1988) Journal of Econometrics , vol.38 , pp. 73-90
    • Geweke, J.1
  • 11
    • 85040854940 scopus 로고
    • Hazell, P., C. Pomareda, and A. Valdes, eds. Baltimore, MD: Johns Hopkins University Press for the International Food Policy Research Institute
    • Hazell, P., C. Pomareda, and A. Valdes, eds. 1986. Crop Insurance for Agricultural Development: Issues and Experience. Baltimore, MD: Johns Hopkins University Press for the International Food Policy Research Institute.
    • (1986) Crop Insurance for Agricultural Development: Issues and Experience
  • 12
    • 0003846912 scopus 로고    scopus 로고
    • International Task Force on Commodity Risk Management in Developing Countries (ITF). Discussion Paper for the Roundtable on Commodity Risk Management in Developing Countries at the Headquarters of the World Bank, Washington, DC, 24 September. Available at: (accessed September 5, 2007)
    • International Task Force on Commodity Risk Management in Developing Countries (ITF). 1999. "Dealing with Commodity Price Volatility in Developing Countries: A Proposal for a Market-Based Approach." Discussion Paper for the Roundtable on Commodity Risk Management in Developing Countries at the Headquarters of the World Bank, Washington, DC, 24 September. Available at: http://www.itf-commrisk.org/itf.asp?page= 8 (accessed September 5, 2007).
    • (1999) "Dealing With Commodity Price Volatility in Developing Countries: A Proposal for a Market-Based Approach"
  • 13
    • 58149501503 scopus 로고    scopus 로고
    • International Task Force on Commodity Risk Management in Developing Countries (ITF). 2001. Available at (accessed September 5, 2007)
    • International Task Force on Commodity Risk Management in Developing Countries (ITF). 2001. "Thailand Rubber Price Risk Management, Phase 2 Report." Available at: http://www.itf-commrisk.org/ documents/thailandrubber2.pdf (accessed September 5, 2007).
    • (2001) "Thailand Rubber Price Risk Management, Phase 2 Report"
  • 16
    • 0007900094 scopus 로고
    • "Spot and Futures Prices of Nonstorable Commodities under Rational Expectations"
    • Kawai, M. 1983. "Spot and Futures Prices of Nonstorable Commodities under Rational Expectations." Quarterly Journal of Economics 98:235-54.
    • (1983) Quarterly Journal of Economics , vol.98 , pp. 235-254
    • Kawai, M.1
  • 17
  • 18
    • 0036254619 scopus 로고    scopus 로고
    • "U.S. Farm Policy and the Variability of Commodity Prices and Farm Revenues"
    • Lence, S.H., and D.J. Hayes. 2002. "U.S. Farm Policy and the Variability of Commodity Prices and Farm Revenues." American Journal of Agricultural Economics 84:335-51.
    • (2002) American Journal of Agricultural Economics , vol.84 , pp. 335-351
    • Lence, S.H.1    Hayes, D.J.2
  • 23
    • 58149503125 scopus 로고
    • Roumasset, J., J.M. Boussard, and I. Singh, eds. Laguna, Philippines: Southeast Asian Regional Center for Graduate Study and Research in Agriculture
    • Roumasset, J., J.M. Boussard, and I. Singh, eds. 1979. Risk and Agricultural Development. College, Laguna, Philippines: Southeast Asian Regional Center for Graduate Study and Research in Agriculture.
    • (1979) Risk and Agricultural Development
  • 24
    • 0001038147 scopus 로고
    • "The Determination of Spot and Futures Prices with Storable Commodities"
    • Turnovsky, S.J. 1983. "The Determination of Spot and Futures Prices with Storable Commodities." Econometrica 51:1363-87.
    • (1983) Econometrica , vol.51 , pp. 1363-1387
    • Turnovsky, S.J.1
  • 25
    • 0004989397 scopus 로고
    • "The Stabilizing and Welfare Properties of Futures Markets: A Simulation Approach"
    • Turnovsky, S.J., and R.B. Campbell. 1985. "The Stabilizing and Welfare Properties of Futures Markets: A Simulation Approach." International Economic Review 26:277-303.
    • (1985) International Economic Review , vol.26 , pp. 277-303
    • Turnovsky, S.J.1    Campbell, R.B.2
  • 26
    • 58149527290 scopus 로고    scopus 로고
    • United Nations, Conference on Trade and Development. UNCTAD/COM/15/ Rev.2. Geneva: United Nations Conference on Trade and Development
    • United Nations, Conference on Trade and Development. 1998. A Survey of Commodity Risk Management Instruments. UNCTAD/COM/15/Rev.2. Geneva: United Nations Conference on Trade and Development.
    • (1998) A Survey of Commodity Risk Management Instruments
  • 27
    • 58149492309 scopus 로고
    • United Nations, Conference on Trade and Development. TD/B/CN.1/22, TD/B/ CN.1/GE.1/4. Geneva: United Nations Conference on Trade and Development
    • United Nations, Conference on Trade and Development. 1994. Report of the Ad-Hoc Group of Experts on Risk Management in Commodity Trade. TD/B/CN.1/ 22, TD/B/CN.1/GE.1/4. Geneva: United Nations Conference on Trade and Development.
    • (1994) Report of the Ad-Hoc Group of Experts on Risk Management in Commodity Trade
  • 28
    • 3042743605 scopus 로고    scopus 로고
    • United Nations, Food and Agriculture Organization (FAO). (accessed September 5, 2007)
    • United Nations, Food and Agriculture Organization (FAO). "FAOSTAT Statistical Database." Available at: http://faostat.fao.org/site/ 291/default.aspx (accessed September 5, 2007).
    • "FAOSTAT Statistical Database"
  • 32
    • 0035027858 scopus 로고    scopus 로고
    • "Hedging Price Risks of Farmers by Commodity Boards: A Simulation Applied to the Indian Natural Rubber Market"
    • Zant, W. 2001. "Hedging Price Risks of Farmers by Commodity Boards: A Simulation Applied to the Indian Natural Rubber Market." World Development 29:691-710.
    • (2001) World Development , vol.29 , pp. 691-710
    • Zant, W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.