Green, Steven L; Mork, Knut Anton - In: Journal of Applied Econometrics 6 (1991) 1, pp. 45-66
The "official" (OPEC) prices of crude oil before the collapse inthe oil market in the mid-1980s can be interpreted as contract prices and analyzed on the basis of the theory of futures (or forward) markets. This paper uses the generalized method of moments estimation technique to test for...