Futures markets and commodity options: Hedging and optimality in incomplete markets

The Pricing of Options and Corporate Liabilities

1973 • 29,036 citations

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

1970 • 15,798 citations

A Theory of the Term Structure of Interest Rates

1985 • 8,604 citations

Theory of rational option pricing

2005 • 7,870 citations

Theory of Rational Option Pricing

1973 • 7,693 citations

An Intertemporal Capital Asset Pricing Model

1973 • 6,653 citations

The pricing of commodity contracts

1976 • 2,931 citations

An intertemporal asset pricing model with stochastic consumption and investment opportunities

1979 • 2,786 citations

Prices of State-Contingent Claims Implicit in Option Prices

1978 • 2,268 citations

The Role of Securities in the Optimal Allocation of Risk-bearing

1973 • 1,203 citations

The Role of Securities in the Optimal Allocation of Risk-bearing

1964 • 1,125 citations

Options and Efficiency

1976 • 851 citations

The relation between forward prices and futures prices

1981 • 770 citations

On the optimality of equilibrium when the market structure is incomplete

1975 • 769 citations

THE ROLE OF A STOCK MARKET IN A GENERAL EQUILIBRIUM MODEL WITH TECHNOLOGICAL UNCERTAINTY

1978 • 515 citations

Invariant Economic Index Numbers and Canonical Duality: Survey and Synthesis.

1974 • 448 citations

Information, futures prices, and stabilizing speculation

1978 • 412 citations

The Theory of Value

1892 • 341 citations

The Existence of Futures Markets, Noisy Rational Expectations and Informational Externalities

1977 • 326 citations

Optimal Hedging under Price and Quantity Uncertainty: The Case of a Cocoa Producer

1980 • 323 citations

The Demand for Index Bonds

1975 • 302 citations

Prices for State-Contingent Claims: Some Estimates and Applications

1978 • 253 citations

Stock prices, inflation, and the term structure of interest rates

1974 • 234 citations

Mathematical Methods in Investment and Finance

1975 • 210 citations

The allocation of individual risks in large markets

1972 • 195 citations

Consumption Risk in Futures Markets

1980 • 120 citations

A THEORY OF THE TERM STRUCTURE OF INTEREST RATES

2005 • 120 citations

Optimal Production and Allocation Under Uncertainty

1973 • 95 citations

The Pricing of Commodity Futures Contracts, Nominal Bonds and Other Risky Assets under Commodity Price Uncertainty

1979 • 89 citations

Spanning the State Space with Options

1980 • 87 citations

WELFARE ASPECTS OF OPTIONS AND SUPERSHARES

1978 • 77 citations

Speculation and Hedging

2011 • 56 citations

Welfare Aspects of Options and Supershares

1978 • 52 citations

The Purchasing Power Fund: A New Kind of Financial Intermediary

1976 • 35 citations

Consumption Risk in Futures Markets

1980 • 19 citations

The Pricing of Commodity Futures Contracts, Nominal Bonds and Other Risky Assets under Commodity Price Uncertainty

1979 • 15 citations

On the Optimality of Forward Markets

2016 • 15 citations

THE SUPERFUND: EFFICIENT PATHS TOWARD EFFICIENT CAPITAL MARKETS IN LARGE AND SMALL COUNTRIES

1977 • 13 citations

A Quantitative Theory of Risk Premiums on Securities with an Application to the Term Structure of Interest Rates

1975 • 12 citations

The sufficiency of existing financial instruments for Pareto-optimal risk allocation

1973 • 9 citations

A Theory of Securities Markets Under Uncertainty

1976 • 3 citations