, which has been neglected in previous work. I find that empirical results concerning price discovery based on corn cash and … equal in the long run for 49 out of these 52 markets. In the short run, the unidirectional causality from cash to futures …

182 spatially separated markets spreading across 7 states, Iowa (IA), Illinois (IL), Indiana (IN), Ohio (OH), Minnesota … the prices of observed markets in it. Our empirical results show that 3 states, IA, OH, and MN, can dominate the corn cash … important in pricing. If additional empirical evidence becomes available, more precise results can be expected. We also divide …

Recently, there has been a growing interest in developing econometric tools to conduct counterfactual analysis with …, organized in a panel data structure. In this paper, we investigate the consequences of applying such methodologies when the data … intervention estimator diverges resulting in the rejection of the hypothesis of no intervention effect regardless of its existence …