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The Theory Of Storage
Essay specific features
Written by:
Roger C
Date added:
August 24, 2014
Level:
University
Grade:
A
No of pages / words:
2 / 368
Was viewed:
4376 times
Rating of current essay:
Essay content:
51)
"the theory purports to provide an explanation of the holding of all stocks,
including those for which there is not an active future market. it will be
shown that, on the supply side, in addition to the marginal expenditure on
physical storage and the marginal convenience yield another variable, a risk
premium, is required to explain the holding of stocks as functions of price
spreads...
displayed 300 characters
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it will be
shown that, on the supply side, in addition to the marginal expenditure on
physical storage and the marginal convenience yield another variable, a risk
premium, is required to explain the holding of stocks as functions of price
spreads. in the empirical part of the study the theory will be applied to
stocks of several agricultural commodities...
displayed 300 characters
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