This study reports new findings on the behavior of index futures (FKLI: code name of Kuala Lumpur Index Futures … contract) prices and also records the effect of a major financial crisis on the prices. Since the inception of trading in 1995 … crisis in July 1997, FKLI prices were at a high premium relative to its theoretical values. This significant mispricing of …

. And yet, more and more companies are using(or being forced to use) futures and derivatives to stay competitive in a fast …

The New York Cotton Exchange (NYCE) imposes price limits on the trading of cotton futures, whereby the price at which … cotton futures trade during a day is restricted to a band centered around the previous day's close. However, the NYCE has no … such restrictions on the trading of options on cotton futures. These exchange rules allow for essentially a controlled …

on prices andsocial welfare of the structural separation. Our results indicate thatthe structural separation would lead …

An important issue in economics is how market structure affects prices.While the standard view is that competition … lowers prices, Chen andRiordan (2006) argued that with product differentiation it is notexceptional for prices to be higher … under duopoly than monopoly. Thispaper empirically investigates one implication from Chen and Riordan,namely, that prices …

This paper empirically investigates the effect of international simpleresale (ISR) authorization on the prices for … bilateral markets from 1995 to2004. These data provide detailed information on prices, variable costs,fixed costs and market … market concentration is negatively correlatedwith IMTS prices set by incumbent firms. …