Footnotes 1 . See Christopher L. Culp and Merton H. Miller , “ Metallgesellschaft and the Economics of Synthetic Storage ,” Journal of Applied Corporate Finance 7 ( 4 ) (Winter 1995 ): 62 – 76 . See also Christopher L. Culp and Merton H. Miller , “ Hedging a Flow of Commodity Deliveries with Futures: Lessons from Metallgesellschaft ,” Derivatives Quarterly 1 ( 1 ) (Fall 1994 ): 7 – 15 . and Christopher L. Culp and Merton H. Miller , “ Auditing the Auditors ,” Risk 8 ( 4 ) ( April 1995 ). 2 . Antonio S. Mello and John E. Parsons, “Maturity Structure of a Hedge Matters: Lessons from the Metallgesellschaft Debacle,” Journal of Applied Corporate Finance , this issue. See also Antonio S. Mello and John E. Parsons , “ Hedging a Flow of Commodity Deliveries with Futures: Problems with a Rolling Stack ,” Derivatives Quarterly 1 ( 4 ) ( Fall 1995 forthcoming). 3 . Working's contributions may perhaps have been overlooked in the corporate finance literature because he was addressing them essentially to an audience of agricultural economists. His contributions, however, include early formulations of the cost of carry model for
Journal of Applied Corporate Finance – Wiley
Published: Mar 1, 1995
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