Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108916
Authors: 
Ahlers, Christian
Broll, Udo
Eckwert, Bernhard
Year of Publication: 
2013
Citation: 
[Journal:] Agricultural and Food Economics [ISSN:] 2193-7532 [Publisher:] Springer [Place:] Heidelberg [Volume:] 1 [Year:] 2013 [Pages:] 1-10
Abstract: 
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.
Subjects: 
Market transparency
Agriculture
Price risk
Information
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/2.0/
Document Type: 
Article

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