A PUBLIC CHOICE APPROACH TO PRIVATE ORDERING: RENT-SEEKING AT THE WORLD'S FIRST FUTURES EXCHANGE.

Research output: Contribution to journalArticlepeer-review

Abstract

Provides comments on the article `Private Ordering at the World's First Futures Exchange,' by Mark West. Most striking feature of Dojima Rice Futures Exchange; West's conclusion about Dojima's private ordering system; Alternative, public-choice explanation for the evolution and persistence of the Dojima legal system.
Original languageEnglish
Pages (from-to)2620-2635
Number of pages16
JournalMichigan Law Review
Volume98
Issue number8
DOIs
StatePublished - 2000

Keywords

  • FUTURES market
  • COMMODITY exchanges

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