The gains from futures trading

Models of Futures Markets

Volumn , Issue , 2013, Pages 15-41

  Francis, Derek ^a  

^a SingTel OPTUS   (Australia)

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[No Author keywords available]

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EID: 10944246545     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4324/9780203714591-8     Document Type: Chapter

References (15)

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2. Cootner, P.H. (1960) ‘Returns to speculators: Telser vs Keynes’, Journal of Political Economy 68: 396-04.
3. Friedman, D., Harrison, G.W. and Salmon, J.W. (1983) ‘The information role of futures markets: some experimental evidence’, in Streit, M.E (ed.) Futures Markets: Modelling, Managing and Monitoring Futures Markets, Oxford: Blackwell, pp. 124-64.
4. Gray, R. W. (1961) ‘The search for a risk premium’, Journal of Political Economy 69(3): 250-60.
5. Harrison, G. (1992) ‘Rational expectations and experimental methods’, in Goss, B. A. (ed.) Rational Expectations and Efficiency in Futures Markets, London: Routledge, pp. 78-108.
6. Hayek, F.A (1945) ‘The use of knowledge in society’. American Economic Review 35: 519-30.
7. Hicks, J.R. (1953) Value and Capital, 2nd edn, Oxford: Oxford University Press.
8. Houthakker, H.S. (1959) ‘The scope and limits of futures trading’, in Abramovitz M. etal. (eds) The Allocation of Economic Resources, Stanford, CA: Stanford University Press.
9. Kaldor, N. (1939) ‘Speculation and economic stability’, Review of Economic Studies 7: 1-27. Reprinted in Kaldor, N. (1961) Essays on Economic Stability and Growth, London: Duckworth, pp. 17-58.
10. Keynes, J.M. (1930) A Treatise on Money, vol. 2, London: Macmillan, pp. 1424.
11. Muth, J.F. (1961) ‘Rational expectations and the theory of price movements’, Econometrica 25(3): 315-35.
12. Rutledge, D.J.S. (1986) ‘Trading volume and price variability: new evidence on the price effects of speculation’, in Goss, B.A. (ed.) Futures Markets: Their Establishment and Performance, reprinted from Chicago Board of Trade International Research Seminar Proceedings, 1978, Chapter 6.
13. Telser, L.G. (1958) ‘Futures trading and the storage of cotton and wheat’, Journal of Political Economy 66: 233-55.
14. Telser, L.G. and Higinbotham, H.N. (1977) ‘Organized futures markets: costs and benefits’, Journal of Political Economy 85: 969-1000.
15. Veljanovski, C.J. (1986) ‘An institutional analysis of futures contracting’, in Goss, B.A. (ed.) Futures Markets: Their Establishment and Performance, London: Croom Helm, pp. 13-41.