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Impact of Deductibility of Futures Losses on Cattle Feeders' Involvement and the Effectiveness of the Price Discovery Process

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  • Yun, Won-Cheol
  • Purcell, Wayne D.

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  • Yun, Won-Cheol & Purcell, Wayne D., 1995. "Impact of Deductibility of Futures Losses on Cattle Feeders' Involvement and the Effectiveness of the Price Discovery Process," Staff Papers 232514, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    • Handle: RePEc:ags:vtaesp:232514
    DOI: 10.22004/ag.econ.232514
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    References listed on IDEAS

    as
    1. Leuthold, Raymond M, 1972. "Random Walk and Price Trends: The Live Cattle Futures Market," Journal of Finance, American Finance Association, vol. 27(4), pages 879-889, September.
    2. B. Wade Brorsen & Jean-Paul Chavas & Warren R. Grant & L. D. Schnake, 1985. "Marketing Margins and Price Uncertainty: The Case of the U.S. Wheat Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 521-528.
    3. Richard E. Just & Gordon C. Rausser, 1981. "Commodity Price Forecasting with Large-Scale Econometric Models and the Futures Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(2), pages 197-208.
    4. Huang, Kuo S & Haidacher, Richard C, 1983. "Estimation of a Composite Food Demand System for the United States," Journal of Business & Economic Statistics, American Statistical Association, vol. 1(4), pages 285-291, October.
    5. Cox, Charles C, 1976. "Futures Trading and Market Information," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1215-1237, December.
    6. Chang, Hui-shyong, 1977. "Functional Forms and the Demand for Meat in the United States," The Review of Economics and Statistics, MIT Press, vol. 59(3), pages 355-359, August.
    7. Purcell, Wayne D., 1991. "Tax Treatment of Trade in Cattle Futures: Possible Implications to Market Efficiency and Price Stability," Staff Papers 232396, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    8. G. D. Koppenhaver, 1983. "The forward pricing efficiency of the live cattle futures market," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 3(3), pages 307-319, September.
    9. Larry Martin & Philip Garcia, 1981. "The Price-Forecasting Performance of Futures Markets for Live Cattle and Hogs: A Disaggregated Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(2), pages 209-215.
    10. Won‐Cheol Yun & Wayne Purcell & Anya McGuirk & David Kenyon, 1995. "Implications of trader mix to price discovery and market effectiveness in live cattle futures," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 15(4), pages 373-394, June.
    11. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    12. Blank, Steven C., 1989. "Research On Futures Markets: Issues, Approaches, And Empirical Findings," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(1), pages 1-14, July.
    13. John W. Helmuth, 1981. "A report on the systematic downward bias in live cattle futures prices," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 1(3), pages 347-358, September.
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