Rausser, Gordon C.; Walraven, Nicholas A. - Department of Agricultural and Resource Economics, … - 1990
This study constructs dynamic welfare measures for a system of futures markets that express the allocative efficiency … comprises futures prices for T-bills, exchange rates (German mark, British pound, Canadian dollar and yen), and agricultural …, and financial markets allover-react to a disturbance, agricultural markets do so to a much greater degree. Owing to their …