𝔖 Bobbio Scriptorium
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Equilibria of a two-stage market with chance outcome in the spot market

✍ Scribed by A. A. Vasin; A. A. Sharikova


Book ID
111497080
Publisher
Allerton Press, Inc.
Year
2011
Tongue
English
Weight
211 KB
Volume
35
Category
Article
ISSN
0278-6419

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## Abstract This article examines the economic advantage of learners in a futures market. We develop a dynamic model of learning in which a spot market and futures market both exist for a real good. The economy is composed of producers who can engage in hedging activities, speculators who trade in