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Applied Economics Letters Volume 10, 2003 - Issue 8
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Original Articles

Asset storability and hedging effectiveness in commodity futures markets

Jian Yang Department of Accounting, Finance & Information Systems, Prairie View A&M University, Texas 77446, USA
&
Titus O. Awokuse Department of Food and Resource Economics, University of Delaware, Newark, Delaware 19717, USA
Pages 487-491 | Published online: 06 Oct 2010

References

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  • Purcell , W. D. and Hudson , M. A. 1985 . “ The Economic Roles and Implications of Trade in Livestock Futures ” . In Futures Markets: Regulatory Issues , Edited by: Peck , A. E. Washington : American Enterprise Institute for Public Policy Research .
  • kadberg , J. M. and Futrell , G. A. 1966 . An economic appraisal of futures trading in livestock . Journal of Farm Economics , 48 : 1485 – 1489 .
  • Sephton , P. S. 1993 . Optimal hedge ratios at the Winnipeg commodity exchange . Canadian Journal of Economics , 26 : 175 – 193 .
  • Yang , J. , Bessler , D. A. and Leatham , D. J. 2001a . Asset storability and price discovery of commodity futures markets . Journal of Futures Markets , 21 : 279 – 300 .
  • Yang , J. , Haigh , M. S. and Leatham , D. J. 2001b . Agricultural liberalization policy and commodity price volatility: A GARCH application . Applied Economics Letters , 8 : 593 – 598 .
  • Working , H. 1962 . New concepts concerning futures markets and prices . American Economic Review , 52 : 432 – 459 .

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