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The Death of a Market: Standard Oil and the Demise of 19th Century Crude Oil Exchanges

✍ Scribed by John Howard Brown; Mark Partridge


Book ID
110254786
Publisher
Springer US
Year
1998
Tongue
English
Weight
134 KB
Volume
13
Category
Article
ISSN
0889-938X

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Time-varying market price of risk in the
✍ Ramaprasad Bhar; Damien Lee πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 216 KB πŸ‘ 2 views

## Abstract In this study, a three‐factor model of crude oil prices is estimated, which incorporates a time‐varying market price of risk. The model is able to accurately capture the term structure of futures prices with evidence suggesting that risk premiums in the crude oil market are time‐varying