Forward–futures price differences in the UK commercial property market: Arbitrage and marking-to-model explanations

Differences between futures and forward

Differences between futures and forward prices: A further investigation of the marking-to-market effects

✍ Hun Y. Park; Andrew H. Chen 📂 Article 📅 1985 🏛 John Wiley and Sons 🌐 English ⚖ 630 KB

However, several previous studies have focused on market imperfections (transactions costs, taxes) or market inefficiency 10 explain the differences between futures and forward prices. See Capozza and Cornell (1979), B n g and Rasche (1978), Burger, Lang, and Rasche (1977), and Kane (1980) for marke