- Bilateral Forward Contracts and Spot Prices
[作者:Adilov, N,期刊:ENERGY JOURNAL, 页码:67-81 , 文章类型: Article,,卷期:2010年31-3]
- Allaz and Vila (1993) have shown that forward markets could mitigate market power and improve efficiency. This paper shows that efficiency-improving effect of forward markets is sensitive to the assumption that market pa...
- A Note on the Oil Price Trend and GARCH Shocks
[作者:Li, J; Thompson, H,期刊:ENERGY JOURNAL, 页码:159-165 , 文章类型: Article,,卷期:2010年31-3]
- This paper investigates the trend in the monthly real price of oil between 1990 and 2008 with a generalized autoregressive conditional heteroskedasticity (GARCH) model. Trend and volatility are estimated jointly with the...
- International Steam Coal Market Integration
[作者:Li, R; Joyeux, R; Ripple, RD,期刊:ENERGY JOURNAL, 页码:181-202 , 文章类型: Article,,卷期:2010年31-3]
- This paper examines the hypothesis that there is a single economic market for the international steam coal industry and investigates the degree of steam coal market integration over time. A regression test of convergence...
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