Assa, Hirbod - In: Agricultural Finance Review 75 (2015) 1, pp. 63-76
Purpose – The purpose of this paper is to introduce a continuous time version of the speculative storage model of … performance of the continuous time speculative storage model is compared with the geometric Brownian motion model. It is shown … that the speculative storage model outperforms the actual data. Practical implications – Since the agricultural insurances …