期货市场与现货市场的试错联动分析——论期货市场功能  

The Trial-and-error Linkage of Futures Market and Spot Market: Discussing the Function of Futures Market

作　　者：朱国华[1] 杨扬[1] 

机构地区：[1]上海财经大学国际工商管理学院,上海200433

出　　处：《财经研究》2008年第7期110-120,共11页Journal of Finance and Economics

摘　　要：文章立足于社会试错成本的视角分析了期货市场功能,认为期货市场的主要功能之一是节约社会试错成本。现货市场在不断的试错和经济波动过程中导致社会资源出现无效配置,而期货市场可以通过社会试错成本的节约来降低现实市场中的实物资源配置的试错成本,以实现资源的最大节约。充分发挥期货市场在资源配置中的作用,有利于促进我国节约型社会的构建。This paper studies the functions of futures market, which is es- tablished on the social trial-and-error cost. Economizing social trial-and-error cost is the main function of futures market. The resources are inefficiently allocated in the spot market, companioning with trial-and-error and economy fluctuation. Through reducing the social trial-and-error cost, the futures market can reduce the resources allocating trial-and-error cost in the spot market, so achieving the biggest economy of resources. The exertion of futures market to the greatest extent will be very helpful in the construction of a economy society in China.

关 键 词：期货市场 现货市场 资源配置 试错成本 

分 类 号：F830.9[经济管理—金融学]