EconPapers    
Economics at your fingertips  
 

The Interaction of Working and Speculative Commodity Stocks

Colin Carter () and Cesar Revoredo-Giha ()

No 21820, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper models the interaction of working (also called pipeline) and speculative commodity stocks. We model working inventories (i.e., raw material inventories carried by processors) based on Ramey's (1989) model of inventories as factors of production, which allows us to represent storage under inter-temporal price backwardation, observed in commodity markets. We incorporate both speculative and working stocks in a simple model to analyze the interaction and to simulate the relationship between inter-temporal commodity price spreads and stocks. Our model replicates common price patters found in commodity markets.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 30
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://ageconsearch.umn.edu/record/21820/files/sp00ca11.pdf (application/pdf)

Related works:
Working Paper: THE INTERACTION OF WORKING AND SPECULATIVE COMMODITY STOCKS (2005) Downloads
Working Paper: The Interaction of Working and Speculative Commodity Stocks (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21820

DOI: 10.22004/ag.econ.21820

Access Statistics for this paper

More papers in 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2020-06-24
Handle: RePEc:ags:aaea00:21820