The role, performance and impact of large speculative traders (primarily managed money
traders) in derivatives markets is of interest to practitioners, regulators and academics alike. …

We analyze the effect various delivery options embedded in commodity futures contracts
have on the futures price. The two embedded options considered are the timing and location …

… J. Hranaiova also received assistantship funding from the Mellon Foundation. R. Jarrow
provided helpful advice for the research that undergirds this article; the authors appreciate this …

We examine changes in the market's response to financial statement restatement announcements
during the Sarbanes-Oxley (SOX) era. We define this era as beginning with the US …

This chapter provides a conceptual analysis of the negotiating issues for evaluating options
for the reform of import quota administration methods in agriculture and thereby increasing …

… Since the left-hand side is smaller than or equal to q * i , we have the contradiction q * i > q
* j … From Proposition 2a we know that the optimal bid for firm j≤t bidding below the quota is …

This paper analyzes rent seeking for agricultural import quotas and the associated waste of
resources when politically contestable licenses are allocated to either or both importers and …

The first half of 2001 brought renewed interest for the creation of the Free Trade Agreement
of the Americas (FTAA). The Quebec Summit confirmed the creation of the FTAA by 2005. …

The conversion of all non-tariff measures into bound tariffs with reduction commitments and
the introduction of minimum access commitments in the form of import quotas (as a share of …

… j at time t, C(j, t), is a function of input prices, output, and time, where input prices and output
are functions of j … function is differentiated with respect to j, which is tantamount to looking at …