P
Philip Garcia
Researcher at University of Illinois at Urbana–Champaign
Publications - 238
Citations - 4904
Philip Garcia is an academic researcher from University of Illinois at Urbana–Champaign. The author has contributed to research in topics: Futures contract & Market liquidity. The author has an hindex of 38, co-authored 235 publications receiving 4606 citations. Previous affiliations of Philip Garcia include Purdue University & University of Massachusetts Amherst.
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Measuring Producers' Risk Preferences: A Global Risk-Attitude Construct
TL;DR: In this paper, the authors investigated whether risk-attitude measures rooted in the expected utility framework are related to measures derived from responses to multi-item scale framework and found that the different risk attitudes are related, and that the global riskattitude construct is significantly related to farmers' intention to use futures contracts.
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Bubbles in food commodity markets: Four decades of evidence ☆
TL;DR: The authors used daily prices from individual futures contracts to test whether speculative bubbles exist in 12 agricultural markets and to identify whether patterns of bubble behavior exist over time, and found that negative bubbles contribute significantly to price behavior, accounting for more than one-third of explosive episodes.
Posted ContentDOI
Volatility Spillovers in U.S. Crude Oil, Ethanol, and Corn Futures Markets
TL;DR: In this article, the authors analyzed recent volatility spillovers in the United States from crude oil using futures prices and found that crude oil spillovers to both corn and ethanol markets are somewhat similar in timing and magnitude, but moderately stronger to the ethanol market.
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A selected review of agricultural commodity futures and options markets
TL;DR: A review of the research literature on commodity futures and options markets, focusing primarily on empirical studies, is provided in this article, with a focus on the development of intertemporal price relationships, hedging and basis relationships.
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Basis risk and weather hedging effectiveness
Joshua D. Woodard,Philip Garcia +1 more
TL;DR: In this article, the authors investigate several dimensions of weather basis risk in the U.S. corn market and suggest that while geographic basis risk can be significant, it should not preclude the use of geographic cross-hedging, particularly with temperature as opposed to precipitation derivatives.