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Valuation of electricity generating assets is of central importance as utilities are forced to spin-off generators with the introduction of competitive markets. A continuous-time mean reverting price path with stochastic upward jumps is proposed as an appropriate model for long-run competitive...
Persistent link: https://www.econbiz.de/10005513830
hypothesize that investments in livestock marketing systems might quickly pay for themselves through reduced demand for relief aid …,by increasing pastoralist marketing responsiveness to temporal variation in range conditions. …
Persistent link: https://www.econbiz.de/10005513840
It is possible to obtain robust estimates of structural parameters using observational data, but it is difficult to do so. Necessary, but not sufficient, conditions are to adopt a modeling philosophy and to undertake a comprehensive evaluation of the results. Using a general-to-specific modeling...
Persistent link: https://www.econbiz.de/10005469021
The spread of Asian Soybean Rust (ASR) represents a real threat to the U.S. soybean sector. We assess the potential impacts of ASR on domestic soybean production and commodity markets as well as the competitive position of the US in the soybean export market. We develop a mathematical stochastic...
Persistent link: https://www.econbiz.de/10004979518
The skewness of the conditional return distribution plays a significant role in financial theory and practice. This paper examines whether conditional skewness of daily aggregate market returns is predictable and investigates the economic mechanisms underlying this predictability. In both...
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