𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Cobwebs, Rational Expectations and Futures Markets

✍ Scribed by Jerome L. Stein

Book ID
125771501
Publisher
MIT Press
Year
1992
Tongue
English
Weight
265 KB
Volume
74
Category
Article
ISSN
0034-6535

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Futures markets and the supply of storag
Futures markets and the supply of storage with rational expectations
✍ Ronald Britto πŸ“‚ Article πŸ“… 1982 πŸ› John Wiley and Sons 🌐 English βš– 421 KB

onsider an individual holding a commodity that is subject to price risk be-C cause of factors affecting the future demand for this commodity. For example, the commodity might be a raw material whose price fluctuates randomly because of cyclical disturbances. If a futures market exists for the commod

Comment on: β€œfutures markets and the sup
Comment on: β€œfutures markets and the supply of storage with rational expectations”
✍ George M. Furstenberg πŸ“‚ Article πŸ“… 1982 πŸ› John Wiley and Sons 🌐 English βš– 190 KB

I analyzed how the existence of futures markets affects the amount of a good stored for sale in a subsequent period, when (1) individuals holding the good face price risk because of demand fluctuations, and (2) they make their decisions using the correct (i.e., equilibrium) price distribution. Rando