| 題名: | Measuring the Benefits from Futures Markets: Conceptual Issues |
| 作者: | Donald Lien James Quirk |
| 關鍵字: | futures markets|price variability|consumer surplus |
| 期刊名/會議名稱: | international journal of business and economics |
| 摘要: | This paper illustrates that the usual consumer surplus approach to evaluation of the benefits_x000D_ of a futures market fails because of certain unobserved benefits. In particular, when futures_x000D_ markets provide benefits in the form of a reduced variability of future spot prices, the usual consumer surplus approach will systematically understate the benefits of futures markets. |
| ISSN: | issn16070704 |
| 日期: | 2002/04/01 |
| 分類: | Volume01,No.1 |
在 DSpace 系統中的文件，除了特別指名其著作權條款之外，均受到著作權保護，並且保留所有的權利。