empirically analyze the behaviour of commodity prices and their volatility as predicted by the theory of storage. We examine two … is associated with forward curves in backwardation (contango), as the theory of storage predicts. Second, we show that …

1920s with the present decade and focusing on cotton and tin. The theory of storage provides the theoretical reference for … show that, based on full sample correlations, the theory of storage seems to capture the dynamics of data with the …

is then presented for inter-year variations in implied skewness based on the theory of storage. After controlling for … skewness, as predicted by the theory of storage. Furthermore, intra-year dynamics of implied skewness reflect the fact that …

is then presented for inter-year variations in implied skewness based on the theory of storage. After controlling for … skewness, as predicted by the theory of storage. Furthermore, intra-year dynamics of implied skewness reflect the fact that …

in line with the theory of storage. We find the opposite; futures prices from markets with flexible power supply behave …

in line with the theory of storage. We find the opposite; futures prices from markets with flexible power supply behave …

presented for inter-year variations in implied skewness based on the theory of storage. After controlling for changes in planned … predicted by the theory of storage. Furthermore, intra-year dynamics of implied skewness reflect the fact that uncertainty in …

Using a restricted version of the BEKK model it is tested an implication of the theory of storage that supply …

in line with the theory of storage. We find the opposite; futures prices from markets with flexible power supply behave …

in line with the theory of storage. We find the opposite; futures prices from markets with flexible power supply behave …