Philip Garcia - Publications

Affiliations: 
Agricultural and Consumer Economics University of Illinois, Urbana-Champaign, Urbana-Champaign, IL 
Area:
Theory Economics

91 high-probability publications. We are testing a new system for linking publications to authors. You can help! If you notice any inaccuracies, please sign in and mark papers as correct or incorrect matches. If you identify any major omissions or other inaccuracies in the publication list, please let us know.

Year Citation  Score
2020 Huang J, Serra T, Garcia P. Are futures prices good price forecasts? Underestimation of price reversion in the soybean complex European Review of Agricultural Economics. 47: 178-199. DOI: 10.1093/Erae/Jbz009  0.482
2020 Hu Z, Serra T, Garcia P. Algorithmic quoting, trading, and market quality in agricultural commodity futures markets Applied Economics. 1-15. DOI: 10.1080/00036846.2020.1789060  0.429
2020 Wang X, Garcia P, Irwin SH. Is the corn futures market noisier? The impact of high frequency quoting Applied Economics. 52: 2730-2750. DOI: 10.1080/00036846.2019.1696450  0.398
2020 Couleau A, Serra T, Garcia P. Are Corn Futures Prices Getting “Jumpy”? American Journal of Agricultural Economics. 102: 569-588. DOI: 10.1002/Ajae.12030  0.509
2020 Moran NM, Irwin SH, Garcia P. Who Wins and Who Loses? Trader Returns and Risk Premiums in Agricultural Futures Markets Applied Economic Perspectives and Policy. DOI: 10.1002/Aepp.13048  0.521
2019 Couleau A, Serra T, Garcia P. Microstructure Noise and Realized Variance in the Live Cattle Futures Market American Journal of Agricultural Economics. 101: 563-578. DOI: 10.1093/Ajae/Aay052  0.377
2018 Shang Q, Mallory M, Garcia P. The components of the bid-ask spread: Evidence from the corn futures market Agricultural Economics. 49: 381-393. DOI: 10.1111/Agec.12423  0.331
2018 Franken JRV, Pennings JME, Garcia P. Graphical Illustration of Interaction Effects in Binary Choice Models: A Note Journal of Agricultural Economics. 69: 852-858. DOI: 10.1111/1477-9552.12257  0.315
2018 Etienne XL, Irwin SH, Garcia P. Speculation and corn prices Applied Economics. 50: 4724-4744. DOI: 10.1080/00036846.2018.1466992  0.456
2018 Joseph K, Garcia P. Intraday Market Effects in Electronic Soybean Futures Market during Non-Trading and Trading Hour Announcements Applied Economics. 50: 1188-1202. DOI: 10.1080/00036846.2017.1355542  0.471
2017 Franken JRV, Pennings JME, Garcia P. Risk attitudes and the structure of decision-making: evidence from the Illinois hog industry Agricultural Economics. 48: 41-50. DOI: 10.1111/Agec.12293  0.365
2017 Trujillo-Barrera A, Garcia P, Mallory ML. Short-term price density forecasts in the lean hog futures market European Review of Agricultural Economics. 45: 121-142. DOI: 10.1093/Erae/Jbx026  0.805
2017 Yan L, Garcia P. Portfolio investment: Are commodities useful? Journal of Commodity Markets. 8: 43-55. DOI: 10.1016/J.Jcomm.2017.10.002  0.457
2016 Trujillo-Barrera A, Garcia P, Mallory ML. Price density forecasts in the U.S. HOG Markets : Composite procedures American Journal of Agricultural Economics. 98: 1529-1544. DOI: 10.1093/Ajae/Aaw050  0.777
2015 Etienne XL, Irwin SH, Garcia P. $25 spring wheat was a bubble, right? Agricultural Finance Review. 75: 114-132. DOI: 10.1108/Afr-12-2014-0042  0.454
2015 Etienne XL, Irwin SH, Garcia P. Price Explosiveness, Speculation, and Grain Futures Prices American Journal of Agricultural Economics. 97: 65-87. DOI: 10.1093/Ajae/Aau069  0.487
2015 Garcia P, Irwin SH, Smith AD. Futures Market Failure American Journal of Agricultural Economics. 97: 40-64. DOI: 10.1093/Ajae/Aau067  0.495
2015 Joseph K, Irwin SH, Garcia P. Commodity storage under backwardation: Does the working curve still work? Applied Economic Perspectives and Policy. 38: 152-173. DOI: 10.1093/Aepp/Ppv011  0.479
2014 Franken JRV, Pennings JME, Garcia P. Measuring the effect of risk attitude on marketing behavior Agricultural Economics. 45: 525-535. DOI: 10.1111/Agec.12104  0.467
2014 Wang X, Garcia P, Irwin SH. The behavior of bid-ask spreads in the electronically-traded corn futures market American Journal of Agricultural Economics. 96: 557-577. DOI: 10.1093/Ajae/Aat096  0.49
2014 Lehecka GV, Wang X, Garcia P. Gone in Ten Minutes: Intraday Evidence of Announcement Effects in the Electronic Corn Futures Market Applied Economic Perspectives and Policy. 36: 504-526. DOI: 10.1093/Aepp/Ppu010  0.47
2014 Etienne XL, Irwin SH, Garcia P. Bubbles in food commodity markets: Four decades of evidence Journal of International Money and Finance. 42: 129-155. DOI: 10.1016/J.Jimonfin.2013.08.008  0.475
2013 Aulerich NM, Irwin SH, Garcia P. Returns to individual traders in agricultural futures markets: skill or luck? Applied Economics. 45: 3650-3666. DOI: 10.1080/00036846.2012.727979  0.51
2012 Trujillo-Barrera A, Mallory ML, Garcia P. Volatility Spillovers in U.S. Crude Oil, Ethanol, and Corn Futures Markets Journal of Agricultural and Resource Economics. 37: 247-262. DOI: 10.22004/Ag.Econ.134275  0.4
2012 Colino EV, Irwin SH, Garcia P, Etienne X. Composite and outlook forecast accuracy Journal of Agricultural and Resource Economics. 37: 228-246. DOI: 10.22004/Ag.Econ.134270  0.424
2012 Franken JRV, Pennings JME, Garcia P. Crop Production Contracts and Marketing Strategies: What Drives Their Use? Agribusiness. 28: 324-340. DOI: 10.1002/Agr.21293  0.484
2011 Frank J, Garcia P. Measuring the cost of liquidity in agricultural futures markets: Conventional and Bayesian approaches Agricultural Economics. 42: 131-140. DOI: 10.1111/J.1574-0862.2011.00557.X  0.66
2011 Colino EV, Irwin SH, Garcia P. Improving the accuracy of outlook price forecasts Agricultural Economics. 42: 357-371. DOI: 10.1111/J.1574-0862.2010.00519.X  0.512
2011 Frank J, Garcia P. Bid-Ask Spreads, Volume, and Volatility: Evidence from Livestock Markets American Journal of Agricultural Economics. 93: 209-225. DOI: 10.1093/Ajae/Aaq116  0.678
2011 Irwin SH, Garcia P, Good DL, Kunda EL. Spreads and non-convergence in Chicago Board of Trade corn, soybean, and wheat futures: Are index funds to Blame? Applied Economic Perspectives and Policy. 33: 116-142. DOI: 10.1093/Aepp/Ppr001  0.498
2011 Woodard JD, Egelkraut TM, Garcia P, Pennings JME. Effects of full collateralization in commodity futures investments Journal of Derivatives and Hedge Funds. 16: 253-266. DOI: 10.1057/Jdhf.2010.19  0.773
2010 Pennings JME, Garcia P. Risk And Hedging Behavior: The Role And Determinants Of Latent Heterogeneity Journal of Financial Research. 33: 373-401. DOI: 10.1111/J.1475-6803.2010.01279.X  0.377
2009 Franken JRV, Pennings JME, Garcia P. Do Transaction Costs and Risk Preferences Influence Marketing Arrangements in the Illinois Hog Industry Journal of Agricultural and Resource Economics. 34: 297-315. DOI: 10.22004/Ag.Econ.37599  0.527
2009 Kim M, Garcia P, Leuthold RM. Managing price risks using and local polynomial kernel forecasts Applied Economics. 41: 3015-3026. DOI: 10.1080/00036840701351915  0.523
2009 Frank J, Garcia P. Time-varying risk premium: further evidence in agricultural futures markets Applied Economics. 41: 715-725. DOI: 10.1080/00036840601019026  0.688
2009 Pennings JME, Garcia P. The informational content of the shape of utility functions: financial strategic behavior Managerial and Decision Economics. 30: 83-90. DOI: 10.1002/Mde.1439  0.32
2008 Irwin SH, Garcia P, Good DL, Kunda EL. Recent Convergence Performance of CBOT Corn, Soybean, and Wheat Futures Contracts Choices. the Magazine of Food, Farm, and Resources Issues. 23: 16-21. DOI: 10.22004/Ag.Econ.94645  0.316
2008 Sanders DR, Garcia P, Manfredo MR. Information Content in Deferred Futures Prices: Live Cattle and Hogs Journal of Agricultural and Resource Economics. 33: 87-98. DOI: 10.22004/Ag.Econ.36709  0.414
2008 Woodard JD, Garcia P. Weather Derivatives, Spatial Aggregation, and Systemic Risk: Implications for Reinsurance Hedging Journal of Agricultural and Resource Economics. 33: 34-51. DOI: 10.22004/Ag.Econ.36705  0.345
2008 Woodard JD, Garcia P. Basis Risk and Weather Hedging Effectiveness Agricultural Finance Review. 68: 99-117. DOI: 10.1108/00214660880001221  0.394
2008 Egelkraut TM, Garcia P. Predicting S&P 500 volatility for intermediate time horizons using implied forward volatility Applied Economics Letters. 15: 31-34. DOI: 10.1080/13504850600689915  0.767
2008 Frank J, Garcia P, Irwin SH. To What Surprises Do Hog Futures Markets Respond Journal of Agricultural and Applied Economics. 40: 73-87. DOI: 10.1017/S107407080002798X  0.675
2008 Mattos F, Garcia P, Nelson CH. Relaxing Standard Hedging Assumptions in the Presence of Downside Risk The Quarterly Review of Economics and Finance. 48: 78-93. DOI: 10.1016/J.Qref.2006.01.003  0.748
2008 Mattos F, Garcia P, Pennings JME. Probability weighting and loss aversion in futures hedging Journal of Financial Markets. 11: 433-452. DOI: 10.1016/J.Finmar.2008.04.002  0.726
2008 Pennings JME, Isengildina-Massa O, Irwin SH, Garcia P, Good DL. Producers' complex risk management choices Agribusiness. 24: 31-54. DOI: 10.1002/Agr.20145  0.346
2007 Egelkraut TM, Garcia P, Sherrick BJ. The term structure of implied forward volatility: Recovery and informational content in the corn options market American Journal of Agricultural Economics. 89: 1-11. DOI: 10.1111/J.1467-8276.2007.00958.X  0.8
2007 Egelkraut TM, Garcia P, Sherrick BJ. Options-based forecasts of futures prices in the presence of limit moves Applied Economics. 39: 145-152. DOI: 10.1080/00036840500427478  0.8
2005 Bullock DS, Garcia P, Shin KY. Measuring Producer Welfare under Output Price Uncertainty and Risk Non-Neutrality Australian Journal of Agricultural and Resource Economics. 49: 1-21. DOI: 10.1111/J.1467-8489.2005.00280.X  0.432
2005 Pennings JME, Garcia P. The Poverty Challenge: How Individual Decision-Making Behavior Influences Poverty Economics Letters. 88: 115-119. DOI: 10.1016/J.Econlet.2005.01.015  0.301
2005 Pennings JME, Garcia PG, Hendrix EH. Towards a theory of revealed economic behavior: The economic-neurosciences interface Journal of Bioeconomics. 7: 113-127. DOI: 10.1007/S10818-005-6417-Z  0.304
2004 Garcia P, Leuthold RM. A selected review of agricultural commodity futures and options markets European Review of Agricultural Economics. 31: 235-272. DOI: 10.1093/Erae/31.3.235  0.477
2004 Pennings JME, Garcia P. Hedging Behavior in Small and Medium-Sized Enterprises: The Role of Unobserved Heterogeneity Journal of Banking and Finance. 28: 951-978. DOI: 10.1016/S0378-4266(03)00046-3  0.355
2003 Bollman K, Garcia P, Thompson S. What Killed the Diammonium Phosphate Futures Contract Applied Economic Perspectives and Policy. 25: 483-505. DOI: 10.1111/1467-9353.00151  0.479
2003 Egelkraut TM, Garcia P, Irwin SH, Good DL. An Evaluation of Crop Forecast Accuracy for Corn and Soybeans: USDA and Private Information Agencies Journal of Agricultural and Applied Economics. 35: 79-95. DOI: 10.1017/S1074070800005952  0.77
2003 Jeong KS, Garcia P, Bullock DS. A statistical method of multi-market welfare analysis applied to Japanese beef policy liberalization Journal of Policy Modeling. 25: 237-256. DOI: 10.1016/S0161-8938(03)00015-2  0.364
2001 Temu AA, Winter-Nelson A, Garcia P. Market Liberalisation, Vertical Integration and Price Behaviour in Tanzania's Coffee Auction Development Policy Review. 19: 205-222. DOI: 10.1111/1467-7679.00131  0.495
2001 Pennings JME, Garcia P. Measuring Producers' Risk Preferences: A Global Risk-Attitude Construct American Journal of Agricultural Economics. 83: 993-1009. DOI: 10.1111/0002-9092.00225  0.347
2001 Kosarek JL, Garcia P, Morris ML. Factors explaining the diffusion of hybrid maize in Latin America and the Caribbean region Agricultural Economics. 26: 267-280. DOI: 10.1016/S0169-5150(00)00129-8  0.302
1999 Jeong KS, Bullock DS, Garcia P. Testing the Efficient Redistribution Hypothesis: An Application to Japanese Beef Policy American Journal of Agricultural Economics. 81: 408-423. DOI: 10.2307/1244591  0.305
1998 Unnevehr LJ, Gómez MI, Garcia P. The Incidence of Producer Welfare Losses from Food Safety Regulation in the Meat Industry Applied Economic Perspectives and Policy. 20: 186-201. DOI: 10.2307/1349542  0.402
1998 Sanders DR, Garcia P, Leuthold RM. The Forecasting Value of New Crop Futures: A Decision-Making Framework The Finance. DOI: 10.2139/Ssrn.129848  0.408
1997 Garcia P, Irwin SH, Leuthold RM, Yang L. The value of public information in commodity futures markets Journal of Economic Behavior and Organization. 32: 559-570. DOI: 10.1016/S0167-2681(97)00013-9  0.424
1996 Adam BD, Garcia P, Hauser RJ. The Value of Information to Hedgers in the Presence of Futures and Options Applied Economic Perspectives and Policy. 18: 437-447. DOI: 10.2307/1349627  0.535
1996 Sherrick BJ, Garcia P, Tirupattur V. Recovering probabilistic information from option markets: Tests of distributional assumptions Journal of Futures Markets. 16: 545-560. DOI: 10.1002/(Sici)1096-9934(199608)16:5<545::Aid-Fut3>3.0.Co;2-G  0.401
1996 Garcia P, Sanders DR. Ex Ante Basis Risk in the Live Hog Futures Contract: Has Hedgers' Risk Increased? Journal of Futures Markets. 16: 421-440. DOI: 10.1002/(Sici)1096-9934(199606)16:4<421::Aid-Fut4>3.0.Co;2-K  0.536
1995 Garcia P, Roh JS, Leuthold RM. Simultaneously determined, time-varying hedge ratios in the soybean complex Applied Economics. 27: 1127-1134. DOI: 10.1080/00036849500000095  0.359
1994 Park WI, Garcia P. Aggregate Versus Disaggregate Analysis: Corn and Soybean Acreage Response in Illinois Applied Economic Perspectives and Policy. 16: 17-26. DOI: 10.2307/1349517  0.313
1994 Leuthold RM, Garcia P, Lu R. The Returns and Forecasting Ability of Large Traders in the Frozen Pork Bellies Futures Market The Journal of Business. 67: 459-473. DOI: 10.1086/296641  0.525
1994 Yumkella KK, Unnevehr LJ, Garcia P. Noncompetitive Pricing and Exchange Rate Pass-Through in Selected U.S. and Thai Rice Markets Journal of Agricultural and Applied Economics. 26: 406-416. DOI: 10.1017/S107407080002633X  0.476
1993 Adam BD, Garcia P, Hauser RJ. Robust live hog pricing strategies under uncertain prices and risk preferences Journal of Futures Markets. 13: 849-864. DOI: 10.1002/Fut.3990130803  0.496
1992 Albiac J, Garcia P. The effects of Spain's entry into the European Community on the Spanish hog market European Review of Agricultural Economics. 19: 455-471. DOI: 10.1093/Erae/19.4.455  0.46
1991 Neff DL, Garcia P, Hornbaker RH. Efficiency Measures Using The Ray-Homothetic Function: A Multiperiod Analysis Journal of Agricultural and Applied Economics. 23: 113-122. DOI: 10.1017/S0081305200018239  0.309
1990 Garcia P, Changnon S, Pinar M. Economic Effects of Precipitation Enhancement in the Corn Belt Journal of Applied Meteorology. 29: 63-75. DOI: 10.1175/1520-0450(1990)029<0063:Eeopei>2.0.Co;2  0.355
1990 Hauser RJ, Garcia P, Tumblin AD. Basis Expectations and Soybean Hedging Effectiveness Applied Economic Perspectives and Policy. 12: 125-136. DOI: 10.1093/Aepp/12.1.125  0.474
1990 Koontz SR, Garcia P, Hudson MA. Dominant‐satellite relationships between live cattle cash and futures markets Journal of Futures Markets. 10: 123-136. DOI: 10.1002/Fut.3990100204  0.457
1989 Anderson M, Garcia P. Exchange Rate Uncertainty and the Demand for U.S. Soybeans American Journal of Agricultural Economics. 71: 721-729. DOI: 10.2307/1242028  0.472
1989 Park WI, Garcia P, Leuthold RM. Using a Decision Support Framework to Evaluate Forecasts Applied Economic Perspectives and Policy. 11: 233-242. DOI: 10.1093/Aepp/11.2.233  0.407
1989 Leuthold RM, Garcia P, Adam BD, Park WI. An examination of the necessary and sufficient conditions for market efficiency: The case of hogs Applied Economics. 21: 193-204. DOI: 10.1080/758532403  0.498
1988 Garcia P, Leuthold RM, Fortenbery TR, Sarassoro GF. Pricing efficiency in the live cattle futures market: Further interpretation and measurement American Journal of Agricultural Economics. 70: 162-169. DOI: 10.2307/1241986  0.539
1987 Dixon BL, Garcia P, Anderson M. Usefulness of Pretests for Estimating Underlying Technologies Using Dual Profit Functions International Economic Review. 28: 623-633. DOI: 10.2307/2526570  0.33
1987 Garcia P, Offutt SE, Sonka ST. Size Distribution and Growth in a Sample of Illinois Cash Grain Farms American Journal of Agricultural Economics. 69: 471-476. DOI: 10.2307/1242310  0.323
1987 Offutt SE, Garcia P, Pinar M. The Distribution of Gains from Technological Advance When Input Quality Varies American Journal of Agricultural Economics. 69: 321-327. DOI: 10.2307/1242282  0.316
1986 Kellogg E, Kodl R, Garcia P. The Effects of Agricultural Growth on Agricultural Imports in Developing Countries American Journal of Agricultural Economics. 68: 1347-1352. DOI: 10.2307/1241906  0.315
1986 Garcia P, Dixon BL, Mjelde JW, Adams RM. Measuring the benefits of environmental change using a duality approach: The case of ozone and Illinois cash grain farms Journal of Environmental Economics and Management. 13: 69-80. DOI: 10.1016/0095-0696(86)90017-3  0.342
1986 Garcia P, Leuthold RM, Zapata H. Lead‐lag relationships between trading volume and price variability: New evidence Journal of Futures Markets. 6: 1-10. DOI: 10.1002/Fut.3990060102  0.395
1985 Dixon BL, Garcia P, Mjelde JW. Primal versus Dual Methods for Measuring the Impact of Ozone on Cash Grain Farmers American Journal of Agricultural Economics. 67: 402-406. DOI: 10.2307/1240708  0.367
1984 Garcia P, Leuthold RM, Sarhan ME. Basis Risk: Measurement and Analysis of Basis Fluctuations for Selected Livestock Markets American Journal of Agricultural Economics. 66: 499-504. DOI: 10.2307/1240929  0.522
1984 Mjelde JW, Dixon BL, Garcia P, Adams RM. Using Farmers’ Actions to Measure Crop Loss Due to Air Pollution Journal of the Air Pollution Control Association. 34: 360-364. DOI: 10.1080/00022470.1984.10465756  0.341
1983 Garcia P, Sonka ST, Mazzacco MA. A Multivariate Logit Analysis of Farmers' Use of Financial Information American Journal of Agricultural Economics. 65: 136-141. DOI: 10.2307/1240349  0.35
1982 Garcia P, Sonka ST, Yoo MS. Farm Size, Tenure, and Economic Efficiency in a Sample of Illinois Grain Farms American Journal of Agricultural Economics. 64: 119-123. DOI: 10.2307/1241181  0.435
1981 Martin L, Garcia P. The Price-Forecasting Performance of Futures Markets for Live Cattle and Hogs: A Disaggregated Analysis American Journal of Agricultural Economics. 63: 209-215. DOI: 10.2307/1239556  0.527
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