Most economists congregate on the idea that commodity price instability should be reduced. Since at least one century a … failure might be a consequence of the fact that most policies have neglected the reason for price fluctuations. Commodity … price fluctuations are endogenous, caused by the market equilibrium local dynamic instability. It means that any measure …

corn and soybeans producer at planting, of revenue realized at harvest. The effects of using price and crop yield contracts … alternatives: 1) a revenue hedge using just price futures, 2) a revenue hedge using crop yield futures, 3) an unhedged scenario … yield futures can be used in conjunction with price futures to derive risk management benefits significantly higher than …

with the February 1997 contract. The lean hog futures will be cash settled based on a broad-based lean hog price index …, eliminating terminal markets from the price discovery process. Using this index over a twenty-month period as a proxy for the lean … hog futures price, this paper compares the hedging effectiveness of the live hog futures contract to the hedging potential …

Using unique retail and wholesale price data for 4,532 products carried by a major Midwestern grocery retailer, we find … evidence of significant retail price rigidity during the Thanksgiving through Christmas holiday period relative to the rest of … the year. We suggest that this pattern of holiday retail price rigidity is best explained by an increased opportunity cost …

revenues, 35.2% of net margins, and $0.52/price change. These menu costs may be forming a barrier to price changes …. Specifically, (1) a supermarket chain facing higher menu costs (due to item pricing laws which require a separate price tag on each …

We combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and …