… Like Boyd and Brorsen, this study tests two asymmetry hypotheses. The first hypothesis is that
the … This result confirms our finding (Bailey and Brorsen 1985) that fed cattle markets adjust …

The random-walk version of the efficient market hypothesis is tested for the Istanbul Stock
Exchange (ISE) using its composite, industrial, and financial index weekly closing prices. The …

Trading of twelve technical system is simulated for a portfolio of twelve commodities from
1978 to 1984 in order to test for market disequilibrium. Results differ substantially by trading …

… Boyd is an assistant professor at the University of Manitoba and Brorsen is an assistant
professor at Purdue University. The authors wish to thank Jon Brandt and John Connor for their …

Two alternate hypotheses, the stable Paretian and mixture of normals, have been proposed
to explain the observed thick-tailed distributions of futures price movements. The two …

Few farmers use futures markets in spite of theoretical research that says they should and
educational efforts to get them to do so. This paper sought to determine the factors that explain …

… This paper adapts the method of Brorsen and Preckel (1993) to obtain maximum likelihood
estimates of the parameters of the GARCH-stable model. Maximum likelihood estimates are …

… Wade Brorsen is an assistant professor of agricultural economics, Purdue University;
Jean-Paul Chavas is ah associate professor, Department of Agricultural Economics, University of …

Most new futures contracts fail. This study estimates the effects of several factors on the success
or failure of agricultural futures contracts. Commodities with futures markets and without …

Cell-cultured meat has received favorable press and is being touted as a replacement for
the entire livestock industry. The objective of the study was to determine what it will cost to …