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Can I read On Inverse Carrying Charges and Spatial Arbitrage on EtoBox?
On Inverse Carrying Charges and Spatial Arbitrage by Donald F. Larson is a Economics, Econometrics and Finance article available to read on EtoBox.
What is On Inverse Carrying Charges and Spatial Arbitrage about?
## Abstract A dynamic trader problem under uncertain demand is presented and spatial and temporal arbitrage conditions derived from first‐order conditions. A time‐varying storage premium that explains backwardation and inverse carrying charges independent of risk‐aversion, stockouts, or convenience is developed. Random‐returns and cost‐of‐carry models are expressed as special conditions of the derived model. An applied composite‐error model is estimated using data from the London Metal Exchange's copper contract. Predictions of the model are tested against well‐known alternatives. © 2007 Wiley Periodicals, Inc. Jrl Fut Mark 27:305–336, 2007
Who reads On Inverse Carrying Charges and Spatial Arbitrage?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Donald F. Larson
- Publisher
- John Wiley and Sons; Wiley (John Wiley & Sons); John Wiley & Sons Inc.; Wiley (ISSN 0270-7314)
- Published
- 2007
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)