This article investigates the unbiasedness hypothesis of futures prices in the freight futures market. Being the only market whose underlying asset is a service, it sets it apart from other markets investigated so far in the literature. Cointegration techniques, employed to examine this hypothesis,
Pricing and hedging in the freight futures market
β Scribed by Marcel Prokopczuk
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 157 KB
- Volume
- 31
- Category
- Article
- ISSN
- 0270-7314
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