Professional Information

Philip Garcia

BA Occidental College 1968
MS Cornell University 1975
PhD Cornell University 1978

ACE 520 Food and Commodity Markets
ACE 527 Advanced Price Analysis
ACE 561 Advanced Research and Scholarly Communication
ACE 528 Research in Futures Markets

Marketing and price analysis, focusing on market efficiency, futures and options markets, understanding decision making under uncertainty, risk management, and econometric modeling of the feed-livestock sector

Pennings & Garcia 2009. Risk & Hedging: The Role of Latent Heterogeneity. J Fin Res Forthcoming

Mattos, Garcia & Pennings 2008. Probability Distortion & Loss Aversion in Futures Hedging. J Fin Mkts 11:433-52

Irwin, Garcia, Good & Kunda 2008. Convergence of CBOT Corn, Soybeans & Wheat Futures Mkts. Choices 23,2:16-21

Egelkraut, Garcia & Sherrick 2007. The Term Structure of Implied Forward Volatility: Recovery & Informational Content in Corn Options. AJAE 89:1-11

Bullock, Garcia & Shin 2005. Measuring Producer Welfare Under Price Uncertainty & Risk Non-Neutrality. AusJAE 49:1-21

Garcia & Leuthold 2004. A Selected Review of Agricultural Commodity Futures & Options Mkts. ERAE 31:235-72

Pennings & Garcia 2004. Hedging Behavior in Small & Medium Sized Enterprises: The Role of Unobserved Heterogeneity. J Bank & Fin 28:951-78

Jeong, Garcia & Bullock 2003. Statistical Welfare Analysis of Japanese Beef Policy. J Pol Mod 25:237-56

Pennings & Garcia 2001. Measuring Producer's Risk Preferences: A Global Risk Attitude Construct. AJAE 83:993-1009

Jeong, Bullock & Garcia 1999. The Efficient Redistribution Hypothesis: An Application to Japanese Beef Policy. AJAE 81:408-23

Garcia, Irwin, Leuthold & Yang 1997. The Value of Public Information in Commodity Markets. J Econ Behav & Org 33:559-70

Bera, Garcia & Roh 1997. Time-Varying Hedge Ratios for Corn & Soybeans: BGARCH & RC Approaches. Sankhya-Ind J Stat B 59:346-68