Natural seclection and market efficiency in a futures market with random shocks
Article Abstract:
Futures markets serve to select market information efficiently in an evolutionary commodity market. The market shifts wealth to traders with more accurate information. In conditions of low volatility, market prices and the futures prices will converge, and vice versa.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2001
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An examination of the impact of macroeconomic news on the spot and futures treasuries markets
Article Abstract:
The reaction of daily cash and futures prices are analyzed for various Treasury securities to the release of U.S. macroeconomic news. The important results that were derived are reported.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2004
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The economic advantages of learners in a spot/ futures market
Article Abstract:
The economic advantages of learners in a futures market are examined. A dynamic model of learning is developed in which both a spot market and futures market exist for real good.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2003
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