International Commodity Market Models

Klappentext

Part of a series, this volume comprises a selection of methodology-oriented papers presented at the 25th International Conference of the Applied Econometrics Association on International Commodity Market Modelling which took place at the World Bank, Washington, 1988.

Inhalt

Part 1 Advances in modelling methology: new horizons in international commodity market modelling, W.C. Labys et al; computing equilibria in imperfectly competitive commodity markets, C. Kolstad and L. Mathiesen; recent developments in spatial (temporal) equilibrium models - non-linearity, existence and other issues, T. Takayama and T.C. MacAulay; shadow pricing for natural resource goods and services, using the emergy method, G. Pillet. Part 2 Application of new methodologies to particular commodity markets (agricultural, mineral, and energy commodities): the effectiveness of the world coffee agreement - simulation study using a quarterly model of the world coffee market, F.C. Palm and B. Vogelvang; modelling the world fibre market, M.E. Thigpen and D.O. Mitchell; technical change, relative prices anf intermaterial substitution, T.J. Considine; spectral interpretation of stock adjustment processes in mineral markets, A. Afriasabi, M. Moallem and W.C. Labys; the linkages between the markets for petroleum products and the market for crude oil - an economic linear programming study, F.G. Adams, E.A. Kroch and Z.V. Didziulis; modelling the international natural gas market - the case of the Western European natural gas market, J. Percebois, J.B. Lesourd and J.M. Ruiz. Part 3 Application of new methodologies to commodity future markets: dynamic welfare analysis and commodity futures markets overshooting, G.C. Rausser and N. Walraven; when does the creation of a futures market destabilize the spot prices?, P. Artus; the producer and futures markets, J.P. Daloz; futures prices and hidden stocks of refined oil products, M.N. Lowry. Part 4 Application of new methodologies to other commodity market issues: post-recession commodity price formation, M.J. Lord; tradeoffs between short-run stability and long-run risk when stabilizing a commodity market, B.L. Dixon and A.J. Hughes Hallett; are commodity prices leading indicators of OECD prices?, M. Durand and S. Blondal; conclusion, O. Guvenen, W.C. Labys and J.B. Lesourd.