contingent market

Show Summary Details

Quick Reference

A market for the trade of a contingent commodity. Many contingent markets do not exist: in some cases this is because too few people would be interested in trading on them to make a market economic to run. In other cases a contingent market cannot be organized because the contingencies themselves, such as the invention of currently unimagined new products, cannot be specified in advance.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.