Commodity exchange and institutional changes: Case of Iranian agricultural commodity exchange
AbstractIn this study, an attempt is to figure out the institutional changes that initiate the agricultural commodity exchange (ACE). To assess the affecting factors, new institutional economics approach has been chosen. The framework consisting of four levels of social analysis introduced by Oliver E.Williamson is used to analyze the social environment, institutional rules, institutional arrangements and finally the agency level economics (Neo-classical economics). Regarding this framework, the institutional changes that have initiated the Iranian ACE is analyzed and its constraints to further improvement are discussed. --
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Bibliographic InfoPaper provided by Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO) in its series IAMO Forum 2010: Institutions in Transition – Challenges for New Modes of Governance with number 52718.
Date of creation: 2010
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Agricultural Commodity Exchange; institutional economics; Iran;
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- G1 - Financial Economics - - General Financial Markets
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
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