haku: @journal_id 62 / yhteensä: 680
viite: 167 / 680
| Tekijä: | Kamara, A. |
| Otsikko: | Delivery uncertainty and the efficiency of futures markets. |
| Lehti: | Journal of Financial and Quantitative Analysis
1990 : MAR, VOL. 25:1, p. 45-64 |
| Asiasana: | FUTURES MARKETS |
| Kieli: | eng |
| Tiivistelmä: | Examination of the impact of delivery basis risk in futures contracts on efficiency tests of these markets, related to futures prices and time varying expected delivery risk premiums. Delivery process in futures markets. The model. The individual investor. Futures market equilibrium. The data. Market efficiency tests. No delivery uncertainty and no risk aversion. Delivery risk premiums. Time varying. Four Tables illustrate the study. |
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