, including influential studies identifying price bubbles in periods of high volatility. Here we consider a model of the market …

growth rate and volatility of commodity spot prices. This view gained credence because in the 2000s trading volume increased …

is good news for the theory and for market efficiency, not bad news. In terms of residual FCOJ return volatility, we also … fundamentals, focusing primarily on temperature. We show that when theory clearly identifies the fundamental, i.e., at temperatures …-thirds of the entire winter return variability occurs on these days. Moreover, when theory suggests no such relation, i.e., at …

The classical theory of commodity price determination integrates myopic supply and demand on the one hand with … non-negative, this paper derives from the theory testable implications on the behavior of prices, and makes a first …

The idea that wages rise relative to alternatives as job seniority accumulates is the foundation of the theory of …

financial investors affect risk sharing and information discovery in commodity markets. We argue that financialization has …

stock price reaction to news, and hence lowering the stock return volatility. Thus, in addition to uncertainty about … fundamentals, uncertainty about CEO quality is also a source of stock return volatility, which decreases over a CEO's tenure as the …'s prospects. Overall, uncertainty about management quality appears to be an important source of stock return volatility …

pressure and increased volatility in financial markets. Pension funds increased cash holdings as a response. Our findings …