期刊文献+
任意字段
题名或关键词
题名
关键词
文摘
作者
第一作者
机构
刊名
分类号
参考文献
作者简介
基金资助
栏目信息

可储存商品期货的价格稳定作用研究——期货—商品市场动态均衡模型

下载PDF
导出
摘要 在(1)产量确定,(2)商品为可储存的,(3)所有市场参与者在具有相同信息的假设条件下,建立期货—商品市场动态均衡模型。从理论上证明了期货市场确实具有稳定价格波动的作用。模型中,还首次提出"竞争性价格预期"的概念。"竞争性价格预期"所反映的期货市场价格发现功能,对商品市场价格稳定起到重要的作用。
作者 何展鸿
机构地区 暨南大学经济学院
出处 《中国市场》 2010年第3期51-53,共3页 China Market
关键词 期货市场 投机行为 价格稳定
分类号 F713.35 [经济管理—产业经济] F224 [经济管理—国民经济]
  • 相关文献

参考文献24

  • 1Peck, A. E. : " Futures Markets, Supply Response, and Price Stability ", The Quarterly Journal of Economics, 90 ( 1976 ), pp. 407 - 423.
  • 2Tumovsky, S. J. : "The Determination of Spot and Futures Prices with Storable Commodities," Econometrica, 51 ( 1983 ), pp. 1363 - 1387.
  • 3Futures Markets, Private Storage, and Price Stabilization,Journal of Public Economics, 12 (1979), pp. 301 -327.
  • 4Kawai, M. : "Spot and Futures Prices of Nonstorable Commodities under Rational Expectations," Johns Hopkins University, 1981.
  • 5Price Volatility of Storable Commodities under Rational Expectations in Spot and Futures Markets, "Johns Hopkins University, 1981.
  • 6Danthine, J. P. : "Information, Futures Prices, and Stabilizing Speculation," Journal of Economic Theory, 17 (1978), pp. 79 - 98.
  • 7Muth, J. F. : "Rational Expectations and the Theory of Price Movements," Econometrica, 29 ( 1961 ) , pp. 315 - 335.
  • 8Friedman, Milton. Essays in Positive Economics. Chicago: The University of Chicago Press, 1953.
  • 9Nerlove, M. : "Adaptive Expectations and Cobweb Phenomena," The Quarterly Journal of Economics, 72 (1958), pp. 227-240.
  • 10Hart, O. D. , and Kreps, D.M. : "Price Destabilizing Speculation," The Journal of Political Economy, 94 ( 1986 ) , pp. 927 - 952.

二级参考文献19

  • 1杨朝峰,陈伟忠,张黎.期货价格与现货价格关系实证分析[J].经济管理,2005,31(2):12-16. 被引量：14
  • 2华仁海.现货价格和期货价格之间的动态关系:基于上海期货交易所的经验研究[J].世界经济,2005,28(8):32-39. 被引量：121
  • 3Engle, R. F. and Granger, C. W. J. "Cointegration and Error Correction Representation, Estimation and Testing. " Econometrica 55,1987, pp. 251 -276.
  • 4Fortenbery, T. R. and Zapata, H. O. "An Evaluation of Price Linkages between Futures and Cash Markets for Cheddar Cheese. " Journal of Futures Markets 17, 1997, pp. 279-301.
  • 5Ghosh, A. "Cointegration and Error Correction Models: Intertemporal Causality between Index and Futures Prices. " Journal of Futures Markets 13, 1993, pp. 193- 198.
  • 6Haigh, M. S. "Cointegration, Unbiased Expectations, and Forecasting in the BIFFEX Freight Futures Market. " Journal of Futures Markets 6,2000, pp. 545 - 571.
  • 7Hasbrouck ,J. "One Security, Many Markets:Determining the Contributions to Price Discovery. "Journal of Finance 50,1995 ,pp. 1175 -1199.
  • 8Johansen, S. "Statistical Analysis of Cointegrating Vectors. " Journal of Economic Dynamics and Control 12, 1988, pp. 231 -254.
  • 9Johansen, S. and Juselius, K. "Maximum Likelihood Estimation and Inference on Cointegration with Applications to the Demand for Money. " Oxford Bulletin of Economics and Statistics 52, 1990, pp. 169 -210.
  • 10Kavussanos, M. and Nomikos, N. "The Forward Pricing Function of the Shipping Freight Futures Market. " Journal of Futures Markets 19,1999, pp. 353-376.

共引文献204

中国市场
2010年 第3期

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部