I discuss the short-run dynamics of commodity prices, production, and inventories, as well as the sources and effects of market volatility. I explain how prices, rates of production, and inventory levels are interrelated, and are determined via equilibrium in two interconnected markets: a cash market for spot purchases and sales of the commodity, and a market for storage. I show how equilibrium...

Commodity prices tend to be volatile, and volatility itself varies over time. Changes in volatility can affect market variables by directly affecting the marginal value of storage, and by affecting a component of the total marginal cost of production: the opportunity cost of exercising the option to produce the commodity now rather than waiting for more price information. I examine the role of ...

This numerical study provides an error analysis of an idealized nanopore sequencing method in which ionic current measurements are used to sequence intact single-stranded DNA in the pore, while an enzyme controls DNA motion. Examples of systematic channel errors when more than one nucleotide affects the current amplitude are detailed, which if present will persist regardless of coverage. Absent...

Commodity prices tend to be volatile, and volatility itself varies over time. Changes in volatility can affect market variables by directly affecting the marginal value of storage, and by affecting a component of the total marginal cost of production: the opportunity cost of exercising the option to produce the commodity now rather than waiting for more price information. I examine the role of ...

We have conducted a dynamic stochastic investment analysis of carbon capture, transport and storage (CCTS) retrofitting in an environment of CO2 price and technology uncertainty. It includes the option to invest in, and to use or shut down, the CCTS unit. While modeling certificate price uncertainties is standard, stochastic processes including diminishing increments are implemented for thermal...

The sensitivity of the optimal control of carbon dioxide emissions to the specification of the social welfare function is systematically explored using the FUND model. Increasing risk aversion emphasises climate change damages relative to emission reduction costs, but at the same time increases the discount rate of consumption. Without international co-operation, the discount rate effect domina...

This study investigates the stock price reaction of electric energy utility firms to 2003 blackout in Northeast USA and if market was able identify responsible firm. Therefore, we employ event methodology select a sample US-based firms. Although it took commission almost eight months name firm for blackout, investors punished FirstEnergy only two trading days after - were right, as later turned...

on one hand, oil is the greatest energy resource in the world and, on the other hand, because of the role of oil revenue in the economic of oil producer countries, such as iran,it is vital for these countries. so it is necessary to recognize different affective parameters on oil market for these countries. in this research, we try to forecast oil price as an important variable in world wide oil...

The present work wants to assess the environmental and energetic sustainability of 27 European countries. To this aim, a Multi-criteria decision analysis an analytical hierarchy process has been implemented gather information from experts. Results show that only four countries (Sweden, Denmark, Finland Austria) very significant performances. intervention policymakers must be clear, by penalizin...

Energy has an important role in the economic growth of a country, more energy country has, better country's economy. This study tries to map development research published field economics. The was conducted using VOSViewer software. data analyzed were form scientific related economics Islamic countries as many 45 articles last 10 years. results showed that number publications on continued incre...