摘要：This study uses data from a survey of wheat sellers and buyers in five differentexchanges in Turkey to gain a better understanding of seller and buyer satisfaction withthe current exchange system and factors that influence exchange participants' decisionsto choose exchanges over other ways of selling wheat. The descriptive and econometricresults indicate that most sellers and buyers have a few problems with the current system.The major dissatisfaction with exchanges are prices and fees. The Tobit model resultssuggest that there is a great potential for accepting a new grading system and acceptinglegally enforceable warehouse receipts because sellers and buyers most concerned aboutwarehouse receipts use the exchanges the least.
