Price Behavior on a Declining Terminal Market
研究丹佛终端市场活牛价格与奥马哈市场可比价格的关系，发现丹佛市场销量锐减影响价格，但交易量对价格的影响仅在1967-1968年交易量极小时才显著，并用抽样概念定义薄市场。
Abstract The relationship of prices of choice steers on the Denver terminal market to comparable prices on the Omaha market apparently was influenced by the sharp decline in saleable receipts in Denver. But price effects of the volume of trading were measurable only when the volume in Denver became extremely small in 1967 and 1968. These results are consistent with defining a thin market place by using sampling concepts. Some subtleties of using Chebyschev's inequality to define a thin market are discussed.