Innovation Competition And New Contract Design In Futures Markets
DOWNLOAD
Download Innovation Competition And New Contract Design In Futures Markets PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Innovation Competition And New Contract Design In Futures Markets book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Innovation Competition And New Contract Design In Futures Markets
DOWNLOAD
Author : William L. Silber
language : en
Publisher:
Release Date : 1980
Innovation Competition And New Contract Design In Futures Markets written by William L. Silber and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Competition categories.
Comments On Innovation Competition And New Contract Design In Futures Markets
DOWNLOAD
Author : James Kurt Dew
language : en
Publisher:
Release Date : 1981
Comments On Innovation Competition And New Contract Design In Futures Markets written by James Kurt Dew and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with categories.
Comments On Innovation Competition And New Contract Design In Futures Markets
DOWNLOAD
Author : Gary L. Seevers
language : en
Publisher:
Release Date : 1981
Comments On Innovation Competition And New Contract Design In Futures Markets written by Gary L. Seevers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with categories.
On The Innovation Of Forward Contracts
DOWNLOAD
Author : Man-chung Ng
language : en
Publisher:
Release Date : 1991
On The Innovation Of Forward Contracts written by Man-chung Ng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Commodity exchanges categories.
The Regulation Of Futures Contract Innovations In The United States
DOWNLOAD
Author : Ronald W. Anderson
language : en
Publisher:
Release Date : 1984
The Regulation Of Futures Contract Innovations In The United States written by Ronald W. Anderson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Commodity exchanges categories.
Optimal Innovation Of Futures Contracts
DOWNLOAD
Author : Darrell Duffie
language : en
Publisher:
Release Date : 1986
Optimal Innovation Of Futures Contracts written by Darrell Duffie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Commodity exchanges categories.
Futures Markets
DOWNLOAD
Author : Joseph Michael Riney
language : en
Publisher:
Release Date : 1998
Futures Markets written by Joseph Michael Riney and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
A model of futures contract innovation incorporates hedging with liquidity costs by imposing sequential and uncertain entry of hedgers with markets clearing after each entry. Hedgers have mean-variance preferences and rational expectations about their opportunities to trade upon future entry. It is shown that the optimal contract chosen by a volume-maximizing monopolistic exchange is one which perfectly correlates with the endowment differential of hedgers. Further, the exchange may choose not to offer closely correlated contracts when liquidity is sufficiently low. Next, a simple Lucas-type model of an infinitely-lived barter economy is generalized to allow for storability of goods with the goal of examining the time-series properties of prices. The model is solved numerically and fitted to futures time-series data using methods of moments. Its implications for other moments of interest are tested with the null hypothesis that if the model is correctly specified these additional moments should be close to those of the actual data. It is found that models where all goods are storable generally outperform a model where only one of the goods is storable. While the storage model can generate price series which display high levels of autocorrelation and a degree of conditional heteroskedasticity, overall the specified null hypothesis is rejected by the data.
Options On Futures Contracts
DOWNLOAD
Author : Robert M. Packer
language : en
Publisher:
Release Date : 1983
Options On Futures Contracts written by Robert M. Packer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with categories.
The Industrial Organization Of Futures Markets
DOWNLOAD
Author : Ronald W. Anderson
language : en
Publisher: Free Press
Release Date : 1984
The Industrial Organization Of Futures Markets written by Ronald W. Anderson and has been published by Free Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.
Optimal Futures Contract Design
DOWNLOAD
Author : Elizabeth Tashjian
language : en
Publisher:
Release Date : 1998
Optimal Futures Contract Design written by Elizabeth Tashjian and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Designing successful futures contracts is no easy task. Most new contracts fail to attract a sustainable level of trading volume. A comparatively new approach to identifying the attributes of successful futures contracts comes from applying the emerging literature on security design to the futures problem. A second and more complicated issue is to determine the optimal contract form. This paper describes the characteristics of successful futures contracts implied by the design literature, and, where possible, relates these observations to empirical studies. The paper also describes how the design literature can be applied to reveal the link between the specific terms of successful futures contracts and characteristics of the cash market.