The Consumer'S Use Of Futures

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英文文献：The Consumer'S Use Of Futures
英文文献作者：Berck, Peter,Cecchetti, Stephen G.
英文文献摘要：
This paper shows that futures should be included in an efficient portfolio and that the degree of their inclusion depends critically on the evaluation of income in real terms. As planned consumption is balanced toward items traded in the futures market, holdings of futures are shown to increase.

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