share method proposed by Hasbrouck in order to examine the market efficiency in price discovery and information transmission …. Results show that although the futures market is efficient in price discovery and information transmission, the cash market … leads the long-run price discovery process. This suggests that the underlying cause of the dominance of the available market …

listing of ethanol has had a positive contribution to both price and volatility in the corn market, especially in the spot and …

futures markets. The empirical evidence suggests that investor sentiment has a positive impact on price volatility and the bid … advantages on the futures market, which diminishes the futures markets' leading informational role and contributions to price …