Philip Garcia
University of Illinois at Urbana–Champaign
238 Papers
2.1K Citations
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. Previous affiliations of Philip Garcia include Purdue University & University of Massachusetts Amherst.
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Papers
•Posted Content
Intraday Market Effects in Electronic Soybean Futures Market during Non-Trading and Trading Hour Announcements
Kishore Joseph,Philip Garcia +1 more
TL;DR: In this article, the authors investigate market reactions to major USDA announcements during trading and non-trading hours in the soybean futures market and find that report releases during non trading hours cause a large spike in volatility at the onset of trading which subsides quickly, while releases during trading hours result in a smaller volatility spike which extends for five to six minutes at a higher magnitude.
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•Posted Content
Measuring Price Discovery between Nearby and Deferred Contracts in Storable and Non-Storable Commodity Futures Markets
TL;DR: In this paper, the authors quantify the proportional contribution of price discovery between nearby and deferred contracts in the corn and live cattle futures markets, and find that the share of the price discovery is most closely linked to trading volume but is also affected, to far less degree, by time to expiration, backwardation, USDA announcements and market crashes.
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Aggregate Versus Disaggregate Analysis: Corn and Soybean Acreage Response in Illinois
Wayne I. Park,Philip Garcia +1 more
TL;DR: In this article, the tradeoffs between aggregation and specification errors and their implications for forecasting and policy analysis are assessed for determining the most appropriate level of aggregation for econometric analysis.
13
•Journal Article
Risk attitudes and the structure of decision-making
TL;DR: In this paper, the authors assess whether managerial/firm characteristics directly affect choices or if their influence occurs indirectly through impacts on risk attitude and find that failure to represent relationships between risk attitude, other characteristics, and behavior appropriately can mask the effect of risk attitude.
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Towards a Theory of Revealed Economic Behavior: The Economic-Neurosciences Interface
TL;DR: Based on recent findings from economics and the neurosciences, this paper presented a conceptual decision-making model that provides insight into human decision making and illustrates how behavioral outcomes are transformed into phenomena, which may facilitate more integrative research efforts and provide a framework for developing research agendas for scientists interested in human behavior and economic phenomena.