Mao, Qianqian; Ren, Yanjun; Loy, Jens-Peter - In: Journal of Applied Economics 27 (2024) 1, pp. 1-27
Previous studies on commodity price bubbles mainly focused on futures markets and ignored the performance of spot markets. Using the price data for corn and soybeans in China, this study identifies the exact bubble dates for the futures and spot markets, and finds asynchronous price bubbles...