The economic advantage of learners in a
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Scott C. Linn; Bryan E. Stanhouse
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Article
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2002
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John Wiley and Sons
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English
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๐ 1 views
## Abstract This article examines the economic advantage of learners in a futures market. We develop a dynamic model of learning in which a spot market and futures market both exist for a real good. The economy is composed of producers who can engage in hedging activities, speculators who trade in