Normal Backwardation, Forecasting, and the Returns to Commodity Futures Traders

The Review of Economics and Statistics

1997 • 1,453 citations

Returns to Speculators: Telser versus Keynes

1960 • 315 citations

Can Speculators Forecast Prices?

1957 • 148 citations

Speculation and Equilibrium: Information, Risk, and Markets

1975 • 125 citations

Journal of Political Economy

2009 • 59 citations

The Theory of Specualtion Under Alternative Regimes of Markets

1976 • 2 citations

Restatement of the Theory of Normal Backwardation

1957 • 2 citations