Hedging Pressure and Futures Price Movements in a General Equilibrium Model

The Theory of Commodity Price Stabilization: A Study in the Economics of Risk.

1983 • 665 citations

The Simultaneous Determination of Spot and Futures Prices

1976 • 430 citations

Residual Risk, Trading Costs, and Commodity Futures Risk Premia:

1988 • 337 citations

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

1980 • 323 citations

Implementing Arrow-Debreu Equilibria by Continuous Trading of Few Long-Lived Securities

1985 • 305 citations

A continuous time equilibrium model of forward prices and futures prices in a multigood economy

1981 • 235 citations

Hedger Diversity in Futures Markets

1983 • 147 citations

Multiperiod Securities and the Efficient Allocation of Risk: A Comment on the Black-Scholes Option Pricing Model

1982 • 108 citations

Nonmarketable assets and capital market equilibrium under uncertainty

2016 • 101 citations

Risk, Futures Pricing, and the Organization of Production in Commodity Markets

1988 • 99 citations

Commodity Futures and Spot Price Determination and Hedging in Capital Market Equilibrium

1979 • 99 citations

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

1984 • 89 citations

The Characteristic Bias in Some Thin Futures Markets

1960 • 69 citations

Returns to Speculators and the Theory of Normal Backwardation

1985 • 41 citations

Hirshleifer on Speculation

1976 • 17 citations

The Theory of Speculation Under Alternative Regimes of Markets

1977 • 10 citations

Futures trading, risk reduction and price stabilization

1982 • 9 citations