頁籤選單縮合
題名 | Measuring the Benefits from Futures Markets: Conceptual Issues= |
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作者 | Lien, Donald; Quirk, James; |
期刊 | International Journal of Business and Economics |
出版日期 | 20020400 |
卷期 | 1:1 民91.04 |
頁次 | 頁53-58 |
分類號 | 562.1 |
語文 | eng |
關鍵詞 | Futures markets; Price variability; Consumer surplus; |
英文摘要 | This paper illustrates that the usual consumer surplus approach to evaluation of the benefits of a futures market fails because of certain unobserved benefits. In particular, when futures markets provide benefits in the form of a reduced variability of future spot prices, the usual consumer surplus approach will systematically understate the benefits of futures markets. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。