The Hedging Performance of the New Futures Markets

The Theory of Hedging and Speculation in Commodity Futures

Leland L. Johnson · The Review of Economic Studies · 1960 · 622 citations

Agriculture, Business Economics, Economics +17

Forward rates as predictors of future spot rates

Eugene F. Fama · Journal of Financial Economics · 1976 · 227 citations

Social Sciences, Economics, Natural Resource Economics +11

Spot rates, forward rates and exchange market efficiency

Bradford Cornell · Journal of Financial Economics · 1977 · 200 citations

Social Sciences, Economics, Finance +14

Organized Futures Markets: Costs and Benefits

Lester G. Telser, Harlow N. Higinbotham · Journal of Political Economy · 1977 · 165 citations

Agriculture, Business Economics, Economics +17

An Estimate of the Liquidity Premium

J. Huston McCulloch · Journal of Political Economy · 1975 · 123 citations

Business, Economics, Finance +16