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Futures markets: Their purpose, their history, their growth, their successes and failures

1984; Wiley; Volume: 4; Issue: 3 Linguagem: Inglês

10.1002/fut.3990040302

1096-9934

Dennis W. Carlton,

Financial Markets and Investment Strategies

Journal of Futures MarketsVolume 4, Issue 3 p. 237-271 Article Futures markets: Their purpose, their history, their growth, their successes and failures Dennis W. Carlton, Dennis W. Carlton Professor in the Law School at The University of ChicagoSearch for more papers by this author Dennis W. Carlton, Dennis W. Carlton Professor in the Law School at The University of ChicagoSearch for more papers by this author First published: Autumn (Fall) 1984 https://doi.org/10.1002/fut.3990040302Citations: 98 AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat Bibliography Amihud, Y., and Lev, B. (1981): "Risk Reduction as a Managerial Motive for Comglomerate Mergers," Bell Journal of Economics, 12 (Autumn): 605–617. Anderson, R., and Danthine, J. (1983): "Hedger Diversity in Futures Markets," Economic Journal, 93, 370–389. Anderson, R., and Sundaresan, M. (1983): " Futures Markets and Monopoly," Working Paper 63, Columbia Center for Futures Markets. Black, F. (1976): "The Pricing of Commodity Contracts," Journal of Financial Economics, 3, 167–179. Carlton, D. (1982): " The Disruptive Effect of Inflation on the Organization of Markets," in Inflation, R. Hall, Ed., University of Chicago Press, Chicago, pp. 139–152. Carlton, D. (1983a): "Futures Volume, Market Interrelationships, and Industry Structure," American Journal of Agricultural Economics, 65 (May): 380–387. Carlton, D., and Fischel, D. (1983b): "The Regulation of Insider Trading," Stanford Law Review, 35 (May): 857–895. Carlton, D. (1983c): " The Cost of Eliminating a Futures Market and the Effect of Inflation of Market Interrelationships," Working Paper 69, Columbia Center for Futures Markets. Chicago Board of Trade. Statistical Annual, various issues. CFTC Annual Reports, various issues. Economic Report of the President, various issues. Edwards, F. (1983): "The Clearing Association in Futures Markets: Guarantor and Regulator," The Journal of Futures Markets, 3 (4): 369–392. Fact Book 1983, New York Stock Exchange. Federal Reserve Bulletin, various issues. Figlewski, S. (1984): "Margins and Market Integrity: Margin Setting for Stock Index Futures and Options," The Journal of Futures Markets, 4 (3): 385–416. Fischel, D., and Grossman, S. (1984): "Customer Protection in Futures and Securities Markets," Journal of Futures Markets, 4 (3): 271–293. Fischer, S. (1981): "Relative Shocks, Relative Price Variability, and Inflation," Brookings Papers on Economic Activity, 2: 381–431. Hamada, R., and Scholes, M. (1983, October): " Taxes and Corporate Financial Management," mimeo. Helmuth, J. (1977, September): Grain Pricing, CFTC. Hieronymus, T. (1977): Economics of Futures Trading, Commodity Research Bureau, Inc. Hirshleiffer, D. (1983): " Essays in Futures Markets," unpublished Ph.D. dissertation, University of Chicago, in preparation. Rudnick, R., and Carlisle, L. (1983): " Commodities and Financial Futures," Journal of Taxation of Investments, (Autumn): 45–55. Selig, S. (1981, July 23): Statement of Stephen F. Selig Before the Subcommittee on Monopolies and Commercial Law of the House Committee on the Judiciary Regarding the Operation of the Bankruptcy Code with Respect to the Commodities Industry. Scherer, F. M. (1980): Industrial Market Structure and Economic Performance, 2nd C.P., Rand McNally. Shriver, R., and Associates (1978, November 7): Analysis and Report on Alternative Approaches to Regulating the Trading of GNMA Securities, prepared for HUD. Silber, W. (1981): "Innovation, Competition, and New Contract Design in Futures Markets," The Journal of Futures Markets, 1 (2): 123–155. Spence, M. (1976a): "Product Differentiation and Welfare," American Economic Review, 66 (May): 407–414. Spence, M. (1976b): "Product Selection, Fixed Costs, and Monopolistic Competition," Review of Economic Studies, 43 (June): 217–235. Stigler, G. (1964): " The Theory of Oligopoly," in The Organization of Industry, Irwin, pp. 39–63. Stigler, G. (1965): " Price and Non-Price Competition," in The Organization of Industry, Irwin, pp. 23–28. Telser, L., and H. Higginbotham (1977): "Organized Futures Markets: Costs and Benefits," Journal of Political Economy, 85 (October): 969–1000. Telser, L. (1981): "Margins and Futures Contracts," Journal of Futures Markets, 1: 225–253. Weitzman, M. (1974): "Prices Versus Quantities," Review of Economic Studies, 41 (October): 477–491. Williams, J. (1982): "The Origin of Futures Markets," Agricultural History, January, 56: 306–316. Citing Literature Volume4, Issue3Autumn (Fall) 1984Pages 237-271 ReferencesRelatedInformation