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A New Taxonomy of Thin Markets

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Author Info
Anderson, John D.
Hudson, Darren
Harri, Ardian
Turner, Steven

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Abstract

The traditional conception of a thin market based on transactions volume remains relevant in many agricultural markets but does not adequately frame emerging thin market issues. As non-price means of pricing goods becomes more common, some cash commodity markets have become residual markets. In some of these markets, not only the volume of transactions but also the representativeness of transactions to those on the related contract market is an important issue. This paper develops a concept of thin markets that accounts for this dimension of market thinness and proposes a research agenda related to this topic.

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Paper provided by Southern Agricultural Economics Association in its series 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama with number 34826.

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Date of creation: 2007
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Handle: RePEc:ags:saeasm:34826

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Keywords: Marketing;

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References listed on IDEAS
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  1. Peterson, Hikaru Hanawa, 2005. "Trading Behavior in a Marginal Organized Market," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 30(03), December. [Downloadable!]
  2. Buschena, David & McNew, Kevin, 2005. "An Exploration of Market Pricing Efficiency: The Dairy Options Pilot Program," SCC-76 Meeting, March 31-April 2, 2005, Myrtle Beach, SC 28726, SCC-76: Economics and Management of Risk in Agriculture and Natural Resources. [Downloadable!]
  3. Schroeter, John R. & Azzam, Azzeddine, 2003. "Captive Supplies and Cash Market Prices for Fed Cattle: The Role of Delivery Timing Incentives," Staff General Research Papers 11159, Iowa State University, Department of Economics.
  4. Buschena, David & McNew, Kevin, 2005. "An Exploration of Market Pricing Efficiency: The Dairy Options Pilot Program," 2005 Annual meeting, July 24-27, Providence, RI 19271, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  5. Ward, Clement E. & Koontz, Stephen R. & Schroeder, Ted C., 1998. "Impacts From Captive Supplies On Fed Cattle Transaction Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(02), December. [Downloadable!]
  6. Anderson, John D. & Ward, Clement E. & Koontz, Stephen R. & Peel, Derrell S. & Trapp, James N., 1998. "Experimental Simulation Of Public Information Impacts On Price Discovery And Marketing Efficiency In The Fed Cattle Market," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(01), July. [Downloadable!]
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