its contribution to the price discovery process of the spot market. We modeled the relation between WTI spot and future … the contribution of future markets to the price discovery mechanism. The results show that in the case of WTI, the …The aim of this article is to empirically measure the contribution of the futures market to the price discovery process …

Many governments are heavily exposed to oil price risk, especially those dependent on revenue derived from oil … production. For these governments, dealing with large price movements is difficult and costly. Traditional approaches, such as … decade, and their range and depth could allow even substantial producers, and consumers, to hedge their oil price risk. Yet …

Although there is much interest in the future retail price of gasoline among consumers, industry analysts, and … policymakers, it is widely believed that changes in the price of gasoline are essentially unforecastable given publicly available … information. We explore a range of new forecasting approaches for the retail price of gasoline and compare their accuracy with the …

Although there is much interest in the future retail price of gasoline among consumers, industry analysts, and … policymakers, it is widely believed that changes in the price of gasoline are essentially unforecastable given publicly available … information. We explore a range of new forecasting approaches for the retail price of gasoline and compare their accuracy with the …

price discovery in the spot and futures markets for five non-ferrous metals (aluminium, copper, lead, nickel, and zinc). The …-unit cointegration coefficient. Price discovery can be analyzed in the FCVAR model by a relatively straightforward examination of the … find slightly more evidence of price discovery in the spot market. Specifically, using standard likelihood ratio tests, we …

sub-period identified, with the aim to analyze where changes in spot and futures price originate and how they spread …-2008 food price increase …