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Author Index of Volume 8 2001 相似文献3.
This article examines the effect of public information on the orange juice market. We investigate the rationality, information content, and price effects of U.S. Department of Agriculture forecasts of the production of oranges. U.S. Department of Agriculture forecasts are found to be unbiased and efficient. The first forecast contains the most new information, and subsequent reports become valuable only when freezes occur. Significant price movements occur in response to announced production in both Florida and California. However, the majority of price variations cannot be explained by these movements in supply.
1 Statement of citrus farmer Mrs. Beulah Hooks Hanna of Lakeland, Florida to a Subcommittee of the U.S. Senate Committee on Agriculture and Forestry (1948) p. 64.
Citing Literature
Volume 49 , Issue 2 June 1994
Pages 681-695 相似文献
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Book Review
Book Review 相似文献8.
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Andreas Grünbichler Hanspeter Wohlwend 《Financial Markets and Portfolio Management》2005,19(4):341-342
Editorial
Editorial 相似文献16.
Igor Bashmakov 《Economic Bulletin》2004,41(12):433-440
Original Papers
Upward Movement in Energy Prices 相似文献17.
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Editorial 相似文献19.
Original Papers
Editorial 相似文献20.