In this paper, based on a description of the four major players of commodity spot and futures markets, we establish a multi-phase equilibrium model of price determination, and then analyze the influence of the entry of a large number of index investors on the risk premium, inventory management, and different traders’ positions of commodity futures. The result shows that, the correlation between...

accordingly, this study attempts to present an effective tool based on the securitized commodity murabahah and to fulfill its feasibility study.  the overall structure of the tool is such that the banks with surplus funds, at first, reallocate their resources to banks in deficit by commodity murabahah program and then convert their demands from those banks to securitized commodity murabahah, an...

P∈Pi P∋e fi,P ≤ ce ∀e fi,P ≥ 0 Dual 1 solves the max-sum multi-commodity flow problem: ce represents the capacity of an edge, and fi,P is the amount of flow directed from si to ti along the path P . The LP tries to maximize the total amount of commodity flow. Lemma 17.1.1 Multicut is always larger than the corresponding max-sum multi-commodity flow. Lemma 17.1.2 Multicut is at most O(logK) time...

We theoretically study how commodity financialization affects trading behavior, prices and welfare through affecting risk sharing and price discovery in futures markets. In our model, the general equilibrium feature makes financial traders either provide or demand liquidity in the futures market, depending on the information environment. Consistent with recent evidence, commodity financializati...

This paper presents a method for computing shadows on incomplete point-based isosurfaces. Such surfaces are obtained in our setting by a view-dependent isosurface extraction method that allows interactive exploration of large scale datasets on commodity hardware. This approach raises the need for a novel and efficient technique to generate high-quality shadows. The latter dramatically enhances ...

The Internet is rapidly growing in number of users, traffic volume, and topological complexity. At the same time it is increasingly driven by economic competition. These developments render it more difficult, and yet more critical, to characterize network usage and workload trends, and point to the need for a high performance monitoring system that can provide workload data to Internet users an...

Prospective studies of the potential health consequences of trade and investment treaties, such as the Trans-Pacific Partnership, are critical. These studies can make visible to trade policy-makers the potential negative impacts associated to such treaties and can influence the outcomes of such negotiations. However, few researchers have examined retrospectively the consequences of trade agreem...

1. The second question suggested by the analytical framework is whether market failures will result from decreases in the prices of commodity outputs, in a context of agricultural policy reform. To answer this question, we need to know: (1) how price decreases will affect the level of production of both commodity and non-commodity outputs, and (2) what is the value of the resulting reduction in...

Lenders have increasingly responded to regulatory and public pressures to provide credit to lowerincome and minority communities by entering into CRA agreements, which typically involve pledges to extend a certain volume of lending to targeted groups and communities. This paper considers the broader impact of these CRA agreements by examining whether they are associated with changes in lending ...