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Existence of equilibria in the presence of increasing returns: A synthesis

✍ Scribed by Jean-Marc Bonnisseau


Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
865 KB
Volume
21
Category
Article
ISSN
0304-4068

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Forecasting futures returns in the prese
✍ Arie Harel; Giora Harpaz; Joseph Yagil πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 119 KB

## Abstract In a futures market with a daily price‐limit rule, trading occurs only at prices within limits determined by the previous day's settlement price. Price limits are set in dollars but can be expressed as return limits. When the daily return limit is triggered, the true equilibrium futures