Storage and Commodity Markets

ISBN: 9780521023399 出版年：1991 页码：520 Jeffrey C Williams Brian D Wright Cambridge University Press

Preface Acknowledgments 1. Introduction Part I. The Basic Model: 2. Competitive equilibrium with storage 3. Solving for the storage equilibrium Appendix: Numerical solution of the storage model 4. The effects of storage on production, consumption, and prices 5. Convergence to the steady state Part II. Implications Of Storage For Reasearch On Time Series: 6. Time-series properties due to storage 7. Test of rationality Part III. Extensions Of The Model: 8. The market's reaction to news 9. The interaction of storage and trade 10. Inventories of raw materials, finished goods, and goods in process 11. Market power and storage Part IV. Public Interventions: 12. Welfare analysis of market stabilization 13. Floor-price schemes 14. Public storage under price bands and price pegs 15. Public policies to supplement private storage Part V. Epilogue: 16. Lessons about commodity markets and modeling strategies References Author index Subject index.