Intertemporal Allocation in the Corn and Soybean Markets with Rational Expectations
研究美国玉米和大豆市场中供给的跨期配置以及现货和期货价格的同步决定，通过联立方程模型比较不同市场参与者的行为。
Abstract This paper addresses the intertemporal allocation of supplies and the simultaneous determination of spot and futures prices in the U.S. corn and soybean markets. It presents simultaneous equations models in a comparative study of U.S. commodity markets, with separate functional relationships for long and short hedgers, long and short speculators in futures, consumers, and holders of unhedged inventories.