Showing 1 - 10 of 44
The addition of commodities to financial portfolios and resulting weight adjustments may create volatility linkages between commodity and financial markets, especially during financial crises. Also, biofuel mandates are suspected to integrate agricultural and energy markets. We calculate...
Persistent link: https://www.econbiz.de/10010880192
Presumed portfolio benefits of commodities and the availability of index fund-type investment products increase attractiveness of commodity markets for financial traders. But resulting “index trading” strategies are suspected to inflate commodity prices above their fundamental value. We use...
Persistent link: https://www.econbiz.de/10011069606
This paper reviews and discusses the more recent literature and application of Positive Mathematical Programming in the context of agricultural supply models. Specifically, advances in the empirical foundation of parameter specifications as well as the economic rationalisation of PMP models...
Persistent link: https://www.econbiz.de/10011142440
The increased interest in Integrated Assessment (IA) of agricultural systems reflects the growing complexity of policy objectives and corresponding impacts related to this sector. The paper contemplates on the status of quantitative tools for IA in agriculture, drawing on recent European...
Persistent link: https://www.econbiz.de/10010878741
This paper gives an overview on current and prospective modelling challenges for agricultural partial equilibrium (PE) models focussing on EU policies. Starting from a certain policy context, the paper highlights the current capabilities and limitations of existing PE models and, if available,...
Persistent link: https://www.econbiz.de/10005038780
In this poster a Bayesian estimation framework for a non-stationary Markov model is developed for situations where sample data with observed transition between classes (micro data) and aggregate population shares (macro data) are available. Posterior distributions on transition probabilities are...
Persistent link: https://www.econbiz.de/10009021081
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Persistent link: https://www.econbiz.de/10011167756
Persistent link: https://www.econbiz.de/10010914756
This paper analyses relevant determinants for the probability to initiate a dispute on policy measures under the World Trade Organization (WTO) Dispute Settlement Mechanism (DSM). The empirical analysis focuses on agrofood related disputes to provide sector specific information on the driving...
Persistent link: https://www.econbiz.de/10011069604