Recent changes in farm policy have renewed interest in using marketing strategies based on futures and options markets … theory of the behavior of futures and options markets, the efficient market hypothesis. The following conclusion is reached …

under ESOs’ expense-postponing function, it is not under the employee-stimulating function. In practice, ESOs’ risk …-sharing function poses a fundamental difficulty for option price models to estimate ESOs’ fair value; and mandatory ESO expensing would …

It is well known that risk increases the value of options. This paper makes that precise in a new way. The conventional …

valuation of such stock options, the degrees of persistence of the companies' share markets must be precisely measured and … valuation by simple simulation. Many empirical researchers have observed the non-Fickian degrees of persistence or long memory … framework for incorporating these findings into the Black- Scholes risk-neutral valuation framework. This paper provides the …

contrary to conventional wisdom, we show that forwards dominate options as hedges of downside risk. …

-issued options. These markets exist side-by- side, offering many options with identical or similar characteristics. We motivate the …

In this paper, we compare option contracts from a traditional derivatives exchange to bank-issued options, also … counterparty for bank-issued options, they frequently exist side-by-side, and the empirical evidence shows that there is …-issued options have smaller quoted percentage bid-ask spreads than traditional option contracts by an average of 4.3%. The bid …