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  • © 1993

Grain Futures Contracts: An Economic Appraisal

Authors:

  1. S. Craig Pirrong
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  2. David Haddock
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  3. Roger Kormendi
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  4. Michael Brennan
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  5. Merton Miller
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  6. Richard Roll
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  7. Hans Stoll
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  8. Lester Telser
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Table of contents (6 chapters)

  1. Front Matter

    Pages i-xv
    PDF

  2. The Economic Function of Futures Trading

    • S. Craig Pirrong, David Haddock, Roger Kormendi, Michael Brennan, Merton Miller, Richard Roll et al.
    Pages 1-7

  3. The Role of the Futures Delivery Process

    • S. Craig Pirrong, David Haddock, Roger Kormendi, Michael Brennan, Merton Miller, Richard Roll et al.
    Pages 9-50

  4. Futures Contracts as a Merchandising Tool: The Role of Delivery as a Means of Ownership Transfer

    • S. Craig Pirrong, David Haddock, Roger Kormendi, Michael Brennan, Merton Miller, Richard Roll et al.
    Pages 51-62

  5. Maintaining the Integrity of Grain Futures Contracts: The Economics of Manipulation and Its Prevention

    • S. Craig Pirrong, David Haddock, Roger Kormendi, Michael Brennan, Merton Miller, Richard Roll et al.
    Pages 63-106

  6. The Economic Effect of Potential Grain Futures Contract Redesign

    • S. Craig Pirrong, David Haddock, Roger Kormendi, Michael Brennan, Merton Miller, Richard Roll et al.
    Pages 107-138

  7. Summary and Conclusions

    • S. Craig Pirrong, David Haddock, Roger Kormendi, Michael Brennan, Merton Miller, Richard Roll et al.
    Pages 139-145

  8. Back Matter

    Pages 147-184
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About this book

This study is an independent scholarly analysis of the economics of the grain futures contracts of the Chicago Board of Trade. The study was made possible by a research grant to the MidAmerica Institute from the Chicago Board of Trade, and we gratefully acknowledge this financial support, as well as the information and vast body of experience made available to us by the Division of Economic Analysis and members of the Exchange. Several other organizations also provided invaluable help from the inception of this study through the full process, either in the form of information, or through discussion: the Commodity Futures Trading Commission, the U.S. Department of Agriculture, the National Grain and Feed Association, the American Soybean Association, the Senate Committee on Agriculture, Nutrition and Forestry, the House Committee on Agriculture, the General Accounting Office, and the Center for the Study of Futures and Options Markets at Virginia Polytechnic and State University. We express our thanks. The primary authors wish to extend a special word of apprecia­ tion to Michael Brennan, Merton Miller, Richard Roll, Hans Stoll and Lester Telser, who served as members of the Resource Panel for the study. While key strengths of the study reflect their input, ultimate responsibility for the analysis rests with the primary authors.
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Keywords

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Bibliographic Information

  • Book Title: Grain Futures Contracts: An Economic Appraisal

  • Authors: S. Craig Pirrong, David Haddock, Roger Kormendi, Michael Brennan, Merton Miller, Richard Roll, Hans Stoll, … Lester Telser

  • DOI: https://doi.org/10.1007/978-1-4615-3238-5

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1993

  • Hardcover ISBN: 978-0-7923-9327-6Published: 31 March 1993

  • Softcover ISBN: 978-1-4613-6423-8Published: 02 October 2012

  • eBook ISBN: 978-1-4615-3238-5Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XV, 184

  • Topics: Finance, general, Agricultural Economics

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Buy it now

eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

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