differing consumption patterns among individuals along with relative commodity price changes has made inflation effects differ from one person to another. on the other hand, inflation continues to be a general phenomenon in iranian economy. the impacts of price changes on rural poverty have been hereby investigated. for this, market price fluctuations in rural areas of fars province during the ...

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...

In this work, two models are proposed for electricity prices as energy commodity prices which in addition to mean-reverting properties have jumps and spikes, due to non-storability of electricity. The models are simulated using an Euler scheme, and then the Monte-Carlo method is used to estimate the expectation of the discounted cash-flow under historical probability, which is considered as the...