The traditional conception of a thin market based on transactions volume remains relevant in many agricultural markets but does not adequately frame emerging thin market issues. As non-price means of pricing goods becomes more common, some cash commodity markets have become residual markets. In...

Experimental markets were used to isolate the effects of market structure and contract design on market outcomes. Preliminary results suggest that market structure drives outcomes, and not necessarily contract design. Future research will replicate experiments and add dimensions of market...