Price Discovery in the Black Pepper Market in Kerala, India
作者： Aviral Chopra , David A Bessler
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摘要: We explore empirically the incidence of price discovery for black pepper in spot market and nearby first distant futures markets with October 2001 to February 2003 daily data from Kerala, India. Modern time series methods cointegration directed acyclic graphs show that information is discovered market; evidence ambiguous as whether (the month closest delivery) or contract (delivery beyond one into future). This somewhat different reported United States where, agricultural commodities, clearly centre discovery. Possible reasons this difference are discussed questions future research proposed.
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