Information and output in agricultural markets: the role of market transparency

Eckwert B, Broll U, Ahlers C (2013)
Agricultural and Food Economics 1:15.

Zeitschriftenaufsatz | Veröffentlicht| Englisch
 
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Autor/in
Eckwert, BernhardUniBi; Broll, Udo; Ahlers, Christian
Abstract / Bemerkung
This study is concerned with the impact of changes in market transparency on agricultural production levels. Market transparency is of central importance in the agri-food system as it affects the degree of uncertainty farmers face when taking economic decisions. In our study, we endogenize uncertainty by establishing a link between market transparency and the terms of contracting on the futures market. We find that a higher degree of market transparency leads to higher expected profits but does not increase agricultural production levels per se. However, when farmers have no access to futures markets, transparency does increase ex ante expected uility and output.
Stichworte
Market transparency; Agriculture; Price risk; Information
Erscheinungsjahr
2013
Zeitschriftentitel
Agricultural and Food Economics
Band
1:15
ISSN
2193-7532
Page URI
https://pub.uni-bielefeld.de/record/2687173

Zitieren

Eckwert B, Broll U, Ahlers C. Information and output in agricultural markets: the role of market transparency. Agricultural and Food Economics. 2013;1:15.
Eckwert, B., Broll, U., & Ahlers, C. (2013). Information and output in agricultural markets: the role of market transparency. Agricultural and Food Economics, 1:15. doi:10.1186/2193-7532-1-15
Eckwert, B., Broll, U., and Ahlers, C. (2013). Information and output in agricultural markets: the role of market transparency. Agricultural and Food Economics 1:15.
Eckwert, B., Broll, U., & Ahlers, C., 2013. Information and output in agricultural markets: the role of market transparency. Agricultural and Food Economics, 1:15.
B. Eckwert, U. Broll, and C. Ahlers, “Information and output in agricultural markets: the role of market transparency”, Agricultural and Food Economics, vol. 1:15, 2013.
Eckwert, B., Broll, U., Ahlers, C.: Information and output in agricultural markets: the role of market transparency. Agricultural and Food Economics. 1:15, (2013).
Eckwert, Bernhard, Broll, Udo, and Ahlers, Christian. “Information and output in agricultural markets: the role of market transparency”. Agricultural and Food Economics 1:15 (2013).

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