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Do firms sell forward for strategic reasons? : an application to the wholesale market for natural gas
Eijkel, Remco van; Moraga-González, José Luis - 2010
empirical strategy to test whether oligopolistic frms use forward contracts for strategic motives, for risk-hedging, or for both …. An increase in the number of players weakens the incentives to sell forward for risk-hedging reasons.However, if …
Persistent link: https://www.econbiz.de/10011380799
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Is power production flexibility a substitute for storability? : evidence from electricity futures prices
Kilic, Mehtap; Huisman, Ronald - 2010
time as a shortage in production volume cannot be compensated with supply from inventories. However, if the installed power … supply capacity is very flexible, variation in demand can be counterbalanced with flexible adjustment of production volumes …. Therefore, supply flexibility can replace the role of inventory. In this paper, we question whether power production flexibility …
Persistent link: https://www.econbiz.de/10011381018
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Multiple uncertainty, forward-futures markets and international trade
Viaene, Jean-Marie; Zilcha, Itzhak - 1995
Persistent link: https://www.econbiz.de/10000915617
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Price Effects on Compound Commodities
Minagawa, Junichi - 2016
We explore effects of simultaneous price changes for the demand of a group of goods, which we refer to as a compound commodity. Specifically, we consider unit and proportional cost components (e. g., taxes, transportation costs, etc.) imposed on the compound commodity. We find that there is a...
Persistent link: https://www.econbiz.de/10012981296
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Risk-averse and risk-seeking investor preferences for oil spot and futures
Hooi Hooi Lean; McAleer, Michael; Wong, Wing Keung - 2013
Persistent link: https://www.econbiz.de/10010191274
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A General Approach to Recovering Market Expectations from Futures Prices with an Application to Crude Oil
Baumeister, Christiane - 2016
Futures markets are a potentially valuable source of information about price expectations. Exploiting this information has proved difficult in practice, because time-varying risk premia often render the futures price a poor measure of the market expectation of the price of the underlying asset....
Persistent link: https://www.econbiz.de/10012996209
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Do firms sell forward for strategic reasons? : an application to the wholesale market for natural gas
Eijkel, Remco van; Moraga-González, José Luis - 2010
Persistent link: https://www.econbiz.de/10003985259
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Do Firms Sell Forward for Strategic Reasons? An Application to the Wholesale Market for Natural Gas
van Eijkel, Remco - 2010
empirical strategy to test whether oligopolistic firms use forward contracts for strategic motives, for risk-hedging, or for … both. An increase in the number of players weakens the incentives to sell forward for risk-hedging reasons. However, if …
Persistent link: https://www.econbiz.de/10013135361
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Volatility spillovers and causality of carbon emissions, oil and coal spot and futures for the EU and USA
Chang, Chia-Lin; McAleer, Michael; Zuo, Guangdong - 2017 - Revised: May 2017
properties under the null hypothesis of zero off-diagonal elements. Dynamic hedging strategies using optimal hedge ratios will be …
Persistent link: https://www.econbiz.de/10011658757
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Herding, information cascades and volatility spillovers in futures markets
McAleer, Michael; Radalj, Kim - 2013
Persistent link: https://www.econbiz.de/10009784945