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Futures Trading, Rational Expectations, and the Efficient Markets Hypothesis

✍ Scribed by Margaret Bray

Book ID
120878674
Publisher
John Wiley and Sons
Year
1981
Tongue
English
Weight
399 KB
Volume
49
Category
Article
ISSN
0012-9682

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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

The index futures markets: Is screen tra
The index futures markets: Is screen trading more efficient?
✍ Laurence Copeland; Kin Lam; Sally-Ann Jones πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 350 KB πŸ‘ 1 views

## Abstract This article uses a nonparametric test based on the arc‐sine law (see, e.g., Feller, 1965), which involves comparing the theoretical distribution implied by an intraday random walk with the empirical frequency distribution of the daily high/low times, in order to address the question of

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