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

  • Philip Garcia (a1), Michael A. Hudson (a1) and Mark L. Waller (a1)

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.

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Keywords

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

  • Philip Garcia (a1), Michael A. Hudson (a1) and Mark L. Waller (a1)

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