Goss, Barry A; Avsar, S Gulay; Inder, Brett A - In: Australian Economic Papers 40 (2001) 4, pp. 500-519
The results of recent research on the informational efficiency of the US live cattle futures market are ambiguous. Moreover, simultaneous, rational expectations models of spot and futures markets for non-storables are lacking in the literature. This paper addresses both issues: by developing a...