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Is Convenience Yield a Necessary Hypothesis? 'Supply of Storage' In a Wheat Market

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  • Brennan, Donna
  • Wright, Brian D.
  • Williams, Jeffrey

Abstract

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Suggested Citation

  • Brennan, Donna & Wright, Brian D. & Williams, Jeffrey, 1992. "Is Convenience Yield a Necessary Hypothesis? 'Supply of Storage' In a Wheat Market," CUDARE Working Papers 198611, University of California, Berkeley, Department of Agricultural and Resource Economics.
    • Handle: RePEc:ags:ucbecw:198611
    DOI: 10.22004/ag.econ.198611
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    References listed on IDEAS

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    1. repec:bla:jfinan:v:43:y:1988:i:5:p:1075-93 is not listed on IDEAS
    2. Howell, L.D., 1956. "Influence of Certified Stocks on Spot-Futures Price Relationships for Cotton," Technical Bulletins 157142, United States Department of Agriculture, Economic Research Service.
    3. Lester G. Telser, 1958. "Futures Trading and the Storage of Cotton and Wheat," Journal of Political Economy, University of Chicago Press, vol. 66(3), pages 233-233.
    4. Holbrook Working, 1948. "Theory of the Inverse Carrying Charge in Futures Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(1), pages 1-28.
    5. Gibson, Rajna & Schwartz, Eduardo S, 1990. "Stochastic Convenience Yield and the Pricing of Oil Contingent Claims," Journal of Finance, American Finance Association, vol. 45(3), pages 959-976, July.
    6. Cootner, Paul H., 1967. "Speculation and Hedging," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 7(Supplemen), pages 1-42.
    7. Yamey, B S, 1971. "Short Hedging and Long Hedging in Futures Markets: Symmetry and Asymmetry," Journal of Law and Economics, University of Chicago Press, vol. 14(2), pages 413-434, October.
    8. Working, Holbrook, 1933. "Price Relations Between July And September Wheat Futures At Chicago Since 1885," Wheat Studies, Stanford University, Food Research Institute, vol. 9(06), March.
    9. Nicholas Kaldor, 1939. "Speculation and Economic Stability," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 7(1), pages 1-27.
    10. Gerda Blau, 1944. "Some Aspects of the Theory of Futures Trading," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 12(1), pages 1-30.
    11. Sarahelen Thompson, 1986. "Returns to storage in coffee and cocoa futures markets," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 6(4), pages 541-564, December.
    12. Telser, Lester G, 1981. "Why There Are Organized Futures Markets," Journal of Law and Economics, University of Chicago Press, vol. 24(1), pages 1-22, April.
    Full references (including those not matched with items on IDEAS)

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