SOLVING STOCHASTIC MODELS OF COMPETITIVE STORAGE AND TRADE BY CHEBYCHEV COLLOCATON METHODS

We show how to solve the stochastic spatial-temporal price equilibrium model numerically using the Chebychev collocation method. We then use the model to analyze the joint and interactive stabilizing effects of competitive storage and trade.

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Year of publication:	1995
Authors:	Miranda, Mario J. ; Glauber, Joseph W.
Published in:	Agricultural and Resource Economics Review. - Northeastern Agricultural and Resource Economics Association - NAREA. - Vol. 24.1995, 1
Publisher:	Northeastern Agricultural and Resource Economics Association - NAREA
Subject:	Demand and Price Analysis

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005220359