dynamics in commodity spot and futures markets, a stochastic dominance approach to financial risk management strategies … components, COMFORT: A common market factor non-Gaussian returns model, divided governments and futures prices, and model …

implications and cannot substitute each other. We alsoisolate the hedging demands due to macroeconomic and market conditions that …

empirical strategy to test whether oligopolistic frms use forward contracts for strategic motives, for risk-hedging, or for both …. An increase in the number of players weakens the incentives to sell forward for risk-hedging reasons.However, if …

Kahneman's (1992) cumulative prospect theory (CPT). We argue that these options are overpriced because investors' overweight …

. The purpose of this paper is to examine the volatility spillovers for spot and futures returns on bio-ethanol and related … that the futures prices of bio-ethanol and the two agricultural commodities, corn and sugarcane, have stronger co … should be considered as viable futures products in financial portfolios for risk management. …