Limits to Arbitrage and Hedging: Evidence from Commodity Markets
收藏NBER2011-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16875
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资源简介：
Motivated by the literature on limits-to-arbitrage, we build an equilibrium model of commodity markets in which speculators are capital constrained, and commodity producers have hedging demands for commodity futures. Increases (decreases) in producers' hedging demand (speculators' risk-capacity)
提供机构：
美国国家经济研究局
创建时间：
2011-03-01
