The cost of forward contracting wheat
โ Scribed by Dr. B. Wade Brorsen; John Coombs; Kim Anderson
- Publisher
- John Wiley and Sons
- Year
- 1995
- Tongue
- English
- Weight
- 374 KB
- Volume
- 11
- Category
- Article
- ISSN
- 0742-4477
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## Abstract Default risk associated with forward contracts can be substantial, yet these financial instruments are widely used to hedge price risk. An objectively priced exit option on the forward contract would help reduce the likelihood of litigation associated with contract default. A method is
## Abstract We derive the general equilibrium of a dynamic financial market in which the investors' opportunity set includes nonredundant forward contracts. We show that Breeden's (1979) consumptionโbased CAPM equation for forward contracts contains an extra term relative to that for cash assets. W
## Abstract The assumption of expected profitโmaximizing bidding behavior in a multiโunit, multiโperiod auction with stepโfunction supply curves is used to estimate cost functions for electricity generation units and derive tests of expected profitโmaximizing behavior. Applying these techniques to
Azriel Levy ## Introduction everal authors have shown that the theoretical relationship between forward and fu-S tures prices depends primarily on the assumptions regarding the stochastic process of interest rates (Cox, et. al. (1981); Richard and Sundaresan (1981); Jarrow and Oldfield (1981); an