THE CONSUMER'S USE OF FUTURES

Peter Berck and Stephen Cecchetti

No 278903, 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper shows that futures should be included in an efficient portfolio and that the degree of their inclusion depends critically on the evaluation of income in real terms. As planned consumption is balanced toward items traded in the futures market, holdings of futures are shown to increase.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 15
Date: 1980-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea80:278903

DOI: 10.22004/ag.econ.278903

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