Land Speculation

Speculation in Agricultural Land

Agricultural land prices in many developed countries rose and then fell dramatically over a relatively short period of time in the late 1970s and early 1980s. Most of the models in the literature that describe the dynamic behaviour of agricultural land prices suggest that these sharp price movements were not completely due to market fundamentals. Many attribute part of this price volatility to ...

Speculation Spillovers Speculation Spillovers

This paper demonstrates that investor irrationality can be contagious across markets. Supplementing existing studies on resale option theory, we illustrate that warrant speculation could spill over to the underlying stock market. Our findings indicate that high turnover of underlying stocks is associated with previous day’s high unexpected turnover of warrants, or previous day’s larger price de...

Food Speculation

Speculation Spillover

This paper demonstrates that investor irrationality can be contagious across markets. Studies addressing the pros and cons of opening derivatives markets have failed to pay sufficient attention to the roles of speculative activities. This paper investigates how trading activities that are unrelated to fundamentals affect the impact of derivatives on stock markets. By using unique data from the ...

Understanding Method Level Speculation

Method level speculation (MLS) is an optimistic technique for parallelizing imperative programs, for which a variety of MLS systems and optimizations have been proposed. However, runtime performance strongly depends on the interaction between program structure and MLS system design choices, making it difficult to compare approaches or understand in a general way how programs behave under MLS. H...