EurekaMag.com logo
+ Site Statistics
References:
52,725,316
Abstracts:
28,411,598
+ Search Articles
+ Subscribe to Site Feeds
EurekaMag Most Shared ContentMost Shared
EurekaMag PDF Full Text ContentPDF Full Text
+ PDF Full Text
Request PDF Full TextRequest PDF Full Text
+ Follow Us
Follow on FacebookFollow on Facebook
Follow on TwitterFollow on Twitter
Follow on Google+Follow on Google+
Follow on LinkedInFollow on LinkedIn

+ Translate

Estimating the commodity price model


Discussion Paper Research Program in Development Studies, Woodrow Wilson School of Public and International Affairs, Princeton University ( 154): 30pp.
Estimating the commodity price model
This paper is concerned with the estimation and testing of a model of price formation for primary commodities, where supply and demand shocks are mediated by speculative storage. The model used supposes that, in the absence of storage, price will be a linear function of an independent and identically distributed shock. The paper begins by summarizing the simple storage model in the case where the driving variable (the harvest) is independently and identically distributed over time.


Accession: 002373001



Related references

Energy price changes and their impact on commodity prices in Oklahoma: an application of an interregional input-output price model. Research Report, Oklahoma Agricultural Experiment Station (P-864): iv + 32, 1985

Expectations and commodity price dynamics: the overshooting model. American Journal of Agricultural Economics 68(2): 344-348, 1986

A simple model of primary commodity price determination: 1900-80. Journal of Development Studies 23(2): 265-274, 1987

Econometric model and futures markets commodity price forecasting. Working paper Giannini Foundation of Agricultural Economics Department of Agricultural and Resource Economics California Agricultural Experiment Station: 979 (72), 1979

Threshold price, expected price and aggregation of micro-markets. A note on the methodological aspects and application prospects for estimating an econometric model of the French cereals market. Agricultural sector modelling Proceedings of the 16th symposium of the European Association of Agricultural Economists EAAE April 14th-15th, 1988, Bonn, GFR: 233-251, 1989

Consistent estimation of a disequilibrium model of primary commodity price adjustment. Applied Economics 22(10): 1417-1426, 1990

How much of commodity price behavior can a rational expectations storage model explain?. Staff Paper Department of Agricultural Economics, Kansas State University (04-04): 45 pp., 2003

How much of commodity price behavior can a rational expectations storage model explain?. Agricultural economics: the journal of the International Association of Agricultural Economists 33(3): 289-303, 2005

A classification of commodity pricing systems with a model for predicting short-run egg price changes. Dissertation Abstracts International A. Ann Arbor, Mich, 32: 7, 3497, 1972

Commodity price stabilization and policy reform: an approach to the evaluation of the Brazilian price band proposals. Commodity price stabilization and policy reform: an approach to the evaluation of the Brazilian price band proposals: vi + 109 pp., 1992