PRICE DEPENDENCE AND FUTURES PRICE THEORY

A new interpretation of commodity futures price theory is evaluated because, currently, many products exhibit price behavior which cannot be explained with existing theory. A method for classifying products according to the particular price theory relevant to them is provided. The classification method uses the futures price dependence enforced by arbitrage opportunities in spot market as its base. The futures markets for beef cattle and corn are used as examples.


Issue Date:
1985-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/28955
Published in:
Northeastern Journal of Agricultural and Resource Economics, Volume 14, Number 2
Page range:
169-176
Total Pages:
8




 Record created 2017-04-01, last modified 2017-08-22

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