The present dissertationis devoted to the issue of price discovery in agricultural markets. Price discovery is considered one of the central functions of financial markets and is usually analyzed empirically for highly homogeneous assets traded on these markets. We investigate whether this...

This paper gives an overview of some issues related to market valuation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...