The distributional behavior of futures price spreads is examined for four commodities: corn, live cattle, gold and T-bonds. Remarkably different results are found over commodities, time period, and sample size. Actual spread changes for the smaller sample size of gold and T-bonds and for corn...

This study investigates whether U.S. corn merchants can effectively manage the overnight price risk of cash corn purchased after the Chicago Board of Trade closes at 1:15 p.m. on either the electronic Project A market or in the corn contract traded on the Tokyo Grain Exchange. Three scenarios...

In Korea, 2G mobile subscribers have rapidly migrated to the 3G service reaching 4 millions. Currently fierce marketing fights especially for a video call service, a new feature available in 3G, is uprising between service providers. Even though fabulous technological progress and such an...