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Distribution of wealth and incomplete markets: Theory and empirical evidence

โœ Scribed by Davide Fiaschi; Matteo Marsili


Book ID
116636003
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
883 KB
Volume
81
Category
Article
ISSN
0167-2681

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This article examines the theoretical and empirical implications of asymmetric information in commodity futures markets. In particular, it formulates and tests a theoretical model that recognizes two distinct categories of traders: hedgers, who participate in both spot and futures markets, and specu