Schorno, Patrick J.; Swidler, Steve M.; Wittry, Michael D. - In: Finance Research Letters 11 (2014) 4, pp. 332-340
This paper extends the existing literature on managing house price risk. While previous work finds that a hedger would have reduced a large amount of variance in housing returns in Las Vegas, Nevada using Chicago Mercantile Exchange (CME) futures contracts, we show that neither static nor...