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The feasibility of an international tropical plywood futures contract


  • Lamon Rutten



This paper explores the potential for futures contracts in tropical (hardwood) plywood, one of the few major internationally traded commodities for which there is no yet a futures market. Commodity characteristics and market structures and practices that have an impact on the feasibility of a futures market are examined in detail, and conclusions drawn as to the way forward if one wishes to create such a market.

Suggested Citation

  • Lamon Rutten, 2003. "The feasibility of an international tropical plywood futures contract," Risk and Insurance 0301001, EconWPA.
  • Handle: RePEc:wpa:wuwpri:0301001
    Note: Type of Document - pdf; pages: 62; figures: included. pdf file

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    References listed on IDEAS

    1. Santos Silva, J.M.C. & Murteira, J.M.R., 2009. "Estimation of default probabilities using incomplete contracts data," Journal of Empirical Finance, Elsevier, vol. 16(3), pages 457-465, June.
    2. Kau, James B. & Keenan, Donald C., 1999. "Patterns of rational default," Regional Science and Urban Economics, Elsevier, vol. 29(6), pages 765-785, November.
    3. Yongheng Deng & John M. Quigley, 2003. "Woodhead Behavior and the Pricing of Residential Mortgages," Working Paper 8616, USC Lusk Center for Real Estate.
    4. Deng, Yongheng, 1997. "Mortgage Termination: An Empirical Hazard Model with a Stochastic Term Structure," The Journal of Real Estate Finance and Economics, Springer, vol. 14(3), pages 309-331, May.
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    More about this item


    commodity futures market; plywood;

    JEL classification:

    • L73 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Forest Products
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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