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Commodity exchange and institutional changes: Case of Iranian agricultural commodity exchange

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  • Soltanpour, Yazdan

Abstract

In 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.

Suggested Citation

  • Soltanpour, Yazdan, 2010. "Commodity exchange and institutional changes: Case of Iranian agricultural commodity exchange," IAMO Forum 2010: Institutions in Transition – Challenges for New Modes of Governance 52718, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO).
  • Handle: RePEc:zbw:iamo10:52718
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    More about this item

    Keywords

    Agricultural Commodity Exchange; institutional economics; Iran;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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