Time-varying risk premium: further evidence in agricultural futures markets
β Scribed by Frank, J.; Garcia, P.
- Book ID
- 121449278
- Publisher
- Taylor and Francis Group
- Year
- 2009
- Tongue
- English
- Weight
- 241 KB
- Volume
- 41
- Category
- Article
- ISSN
- 0003-6846
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
opular opinion asserts that South African politics and oil prices are major exoge-P nous forces that move the gold market. Recent political tension in South Africa and its possible fallout in the gold market is of particular concern because South Africa produces a significant share of the world's su
## Abstract In this study, a threeβfactor model of crude oil prices is estimated, which incorporates a timeβvarying 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 timeβvarying
waste oil and for the no-refining case in which the waste oil is incinerated and needs are supplied with virgin oil. Total energy, CO?, NO, and SO2 emissions were included during the re-refining and consumption (incineration) stages; all are lower in the case of rerefined fuel use. In addition, by u