This paper tests whether performance persistence exists in the hedge fund industry in the sense that some funds have consistently higher returns than others. Several procedures are used to determine if performance persists. The results show that performance persists in hedge funds with some...

U S grain prices affect one another This study uses Haugh-Pierce chi-square tests, bivariate autoregressive models, and dynamic multipliers to measure the extent of these effects Rice prices exhibit very little reaction to changes in other grain prices However, other grain prices relate closely...

A method was developed with time series models to test hypotheses about the relationship between market structure and spatial price dynamics. Long-run dynamic multipliers measuring the magnitude of lagged adjustments for spatial milled rice prices were calculated from the time series model and...

This article analyzes the dynamic relationships among weekly prices of price byproducts, long gram rice, and corn, using causality tests and dynamic multipliers The authors use forecasts to evaluate the time series model rice byproducts prices may be influenced more by shifts 10 demand than 10...

The effects on marketing margins and Texas what producers of shifting from a period with stable prices to a period without stable prices were investigated using both econometric and simulation techniques. Empirical evidence reveals wheat export firms are risk averse and that either futures...

Quality discounts and premiums for rough rice in Texas rice bid/acceptance markets are analyzed. The most important quality factors determining the value of rough rice are head yield and peck. A one percentage point reduction in peck damage raises the price received per hundredweight of rough...

The effect of output price risk on soybean crushing margins is determined. The results show crushing margins increase as risk increases indicating soybean processors are risk averse. Thus, soybean processors with better risk management strategies may have a competitive advantage. Policy...