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when discussing the importance of generator ramping costs to price volatility. This paper contributes to the literature by … first formalizing the intuitive link between ramping costs and price volatility in a multi-period competitive equilibrium …. The fundamental result of the model shows how price volatility rises with ramping costs. This notion is tested empirically …
Persistent link: https://www.econbiz.de/10011068802
We glean information about shale gas development by studying farm real estate values over time. Looking at the Barnett Shale (Texas) and the northeastern part of the Marcellus Shale (Pennsylvania and New York), we find that development caused appreciation in both areas but the effect was much...
Persistent link: https://www.econbiz.de/10011068942
We examine current rice policies in four major Asian countries (China, Japan, Korea, and Taiwan), their relationship to current WTO disciplines, and to those proposed under the Doha negotiations. WTO disciplines have prompted some changes in rice policies, but disciplines of domestic support are...
Persistent link: https://www.econbiz.de/10009021540
We study the relationship between industry-level investments in intangible capital (IC) and three key economic indicators in China. We find that investments in IC are productivity-enhancing among Chinese enterprises—more so in domestically owned than in foreign invested enterprises. Consistent...
Persistent link: https://www.econbiz.de/10011069024
volatility, it would actually increase domestic price volatility in developing countries, largely by restricting imports when …
Persistent link: https://www.econbiz.de/10009020665
of income. Yet some in this debate have argued that, given the extreme volatility in agricultural commodity markets, the …. Results indicate that the short-run impacts of trade liberalization on poverty are not distinguishable from market volatility …
Persistent link: https://www.econbiz.de/10009020709
Replaced with revised version of paper 07/22/11.
Persistent link: https://www.econbiz.de/10009020960
This paper analyzes the transmission from global commodity to domestic food prices for a large set of countries. First, a theoretical model is developed to explain price transmission for different trade regimes. Drawing from the competitive storage model under rational expectations, it is shown...
Persistent link: https://www.econbiz.de/10011068580
shocks have a greater impact in the volatility of returns in coffee than positive shocks. The presence of the leverage effect …
Persistent link: https://www.econbiz.de/10011068678
those markets. Role of wheat futures in price stabilisation/volatility reduction and its relevance to the small scale … (GARCH) model indicated a high degree of volatility in spot prices right from inception of trading and revival of trading …
Persistent link: https://www.econbiz.de/10011068681