Price Expectations in Asset Markets with Futures Contracting

Authors

David P. Porter, Chapman UniversityFollow
Vernon L. Smith, Chapman UniversityFollow

Document Type

Article

Publication Date

12-1992

Abstract

Can the introduction of a futures market assist investors in obtaining better price expectations and reduce price bubbles, and is the major determinant of the price bubble the uncertainty of the dividend structure and its effect on noise traders?

Recommended Citation

Porter, David, and Vernon L. Smith. “Price Expectations in Asset Markets with Futures Contracting”. Social Science Working Paper 827. December 1992.