𝔖 Bobbio Scriptorium
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ON ORGANIZED MARKETS UNDER UNCERTAINTY

✍ Scribed by NORMAN P. OBST

Book ID
115202006
Publisher
Oxford University Press
Year
1972
Tongue
English
Weight
601 KB
Volume
10
Category
Article
ISSN
0095-2583

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πŸ“œ SIMILAR VOLUMES

Futures market equilibrium under Knighti
Futures market equilibrium under Knightian uncertainty
✍ Donald Lien; Yaqin Wang πŸ“‚ Article πŸ“… 2003 πŸ› John Wiley and Sons 🌐 English βš– 122 KB

## Abstract This paper examines the effects of Knightian uncertainty on a commodity futures market within the Newbery‐Stiglitz framework. It is shown that Knightian traders act more conservatively. In a partial trade equilibrium, risk aversion and Knightian uncertainty have qualitatively similar ef