Information, Pricing and Efficiency in Cash and Futures Markets: The Case of Hogs
โ Scribed by RAYMOND M. LEUTHOLD; PHILIP GARCIA; NABIL CHAHERLI
- Book ID
- 115286854
- Publisher
- John Wiley and Sons
- Year
- 1992
- Tongue
- English
- Weight
- 510 KB
- Volume
- 68
- Category
- Article
- ISSN
- 0013-0249
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
The authors gratefully acknowledge the financial support of the Chicago Board of Trade Educa-'See Stoll and Whaley (1987) for a summary of the debate and their analysis. 'See Grossman (1988) for a limitation in the use of futures in dynamic hedging strategies. 3These deviations of actual from theore
1' cash prices. The live cattle futures in particular have been criticized. Although some have argued that futures trading can lower the average level of cash prices (Wise, 1962;Bagnell, 1963), a more common belief is that futures markets tend to destabilize cash prices and thus increase the risk fa