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The Pricing Efficiency of Agricultural Futures Markets: An Analysis of Previous Research Results

Published online by Cambridge University Press:  28 April 2015

Philip Garcia ,
Michael A. Hudson  and
Mark L. Waller
Philip Garcia
Affiliation:
Department of Agricultural Economics, University of Illinoisat Urbana-Champaign
Michael A. Hudson
Affiliation:
Department of Agricultural Economics, University of Illinoisat Urbana-Champaign
Mark L. Waller
Affiliation:
Department of Agricultural Economics, University of Illinoisat Urbana-Champaign
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Abstract

The analysis examines quantitatively the findings of previous studies of the pricing efficiency of various agricultural markets using a logit framework. The findings provide insight into the importance of commodity characteristics, uncertainty, and testing procedures used on the results of past research of pricing efficiency. The study also identifies several areas for further research.

Keywords

agricultural commoditiespricing efficiencymeta-analysis
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 20 , Issue 1 , July 1988 , pp. 119 - 130
Copyright
Copyright © Southern Agricultural Economics Association 1988

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