his article examines the problem of hedging in futures markets when hedgers T and speculators possess different degrees of information about prices. Hedgers who (apriori) are less well informed than speculators have to cope with two levels of risk: a first level, which corresponds to the presence of
The value of information in the presence of futures markets
β Scribed by Sulganik, Eyal; Zilcha, Itzhak
- Publisher
- John Wiley and Sons
- Year
- 1996
- Tongue
- English
- Weight
- 650 KB
- Volume
- 16
- Category
- Article
- ISSN
- 0270-7314
No coin nor oath required. For personal study only.
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