Data/hora: 11/06/2024 02:45:28

Provedor de dados: | 31
País: | United States
Título: | IS THE THINLY-TRADED BUTTER FUTURES CONTRACT PRICED EFFICIENTLY?
Autores: | Tondel,   Fabien; Maynard,   Leigh J.
Data: | 2004-01-24
Ano: | 2004
Palavras-chave: | Marketing.
Resumo: | After over eight years of trading, the Chicago Mercantile Exchange butter futures contract remains thinly traded, possibly impeding price discovery. Pricing efficiency was assessed using cointegration techniques and error correction models. Results suggest that market efficiency could not be rejected up to a two-month forecast horizon. Illiquid markets reduce hedging performance, which in turn discourage liquidity growth.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

12454

http://purl.umn.edu/34684

Editor: | AgEcon Search

Relação:

Southern Agricultural Economics Association&gt;2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma

Selected Paper

Formato:

20

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