A nalyzing more than 9,400 investment transactions performed by 32 sovereign wealth funds (SWFs), from 23 countries, and targeted towards 77 countries, between 2010 and 2013, this study highlights some of the most important visible patterns and nuances in SWF investments. First, lion’s share of SWF investments are cross-border transactions that originated from and targeted towards hi...

FEWS NET is a USAID-funded activity. The authors' views expressed in this publication do not necessarily reflect the view of the United States Agency for International Development or the United States Government. Anomaly – is a deviation from the norm or average. Arbitrage – is taking advantage of a price differential. The two most common types of arbitrage related to food security are spatial ...

We study valuation of swing options on commodity markets when the commodity prices are driven by multiple factors. The factors are modeled as diffusion processes driven by a multidimensional Lévy process. We set up a valuation model in terms of a dynamic programming problem where the option can be exercised continuously in time. Here, the number of swing rights is given by a total volume constr...

The paper compares non-cooperative commodity taxation under the destination and origin principles under a variety of different assumptions about market structure. We consider a model of international duopoly with either quantity or price competition of firms and either segmented or integrated markets, and a monopolistic competition model with mobile firms. In each setting the international spil...

The theory of general equilibrium with incomplete asset markets (GEI) studies the pricing of securities and commodities, and the interactions of perfectly competitive asset markets and commodity markets in determining consumption and investment. Since financial economics is fundamentally concerned with the pricing of securities, and since macroeconomics is fundamentally concerned with the real ...

We study the problem of securely building single-commodity multi-markets auction mechanisms. We introduce a novel greedy algorithm and its corresponding privacy preserving implementation using secure multi-party computation. More specifically, we determine the quantity of supply and demand bids maximizing welfare. Each bid is attached to a specific market, but exchanges between different market...

Price transmission is a critically important issue that affects market enlargement and the unification of Canadian–U.S. agriculture. This study adopts alternative frameworks to examine the nature of cross-border integration in selected meat and livestock markets. The aim is to determine the extent to which selected meat and livestock markets transmit price signals across the international borde...

o We further analyse a sub-set of commodity-related goods jewellery, fuel and metals. These goods offer a clean quasi-experimental setting to look at the effects of a pure change in price on criminal activity. Specifically, they are homogenous in their quality and supported by efficient resale markets (for example, the scrap metal recycling industry). Price changes for these goods are also exog...

In recent years, the study of trading in electronic markets has received significant amount of attention, particularly in the areas of artificial intelligence and electronic commerce. With increasingly sophisticated technologies being applied in analyzing information and making decisions, fully autonomous software agents are expected to take up significant roles in many important fields. This t...