Empirical research on the value of information technology investments in the information systems literature has primarily focused on the use of IT by businesses and multinational firms. The impact of IT on the global agricultural supply chain has largely been ignored in the IS literature. Auctions to buy and sell large volumes of agricultural commodities are widely prevalent in diverse regions ...

for t = 1, ..., N . σ represents the volatility of the price, and ξk ∼ N (0; 1). ht represents the net sale volumes of all liquid providing HFT funds. g(v) is the price impact function, which we will discuss later. Based on findings by the Federal Commodity Futures Trading Commission (CFTC) [3], we model the price impact of HFTs using the volume of net trades from HFTs scaled by its percentage ...

Due to timely process of WTO negotiations, unwillingness of advanced industrial countries to give concessions to developing economies regarding tariff and non-tariff barriers on agricultural commodity imports, the ongoing initiatives in Northern hemisphere to establish new and wider free trading areas which will divert trade out of the market from Asian countries, and ineffectiveness of deepeni...

This paper models and analyzes international trade flows using open flow networks (OFNs) with the approaches of flow distances, which provide a novel perspective and effective tools for the study of international trade. We discuss the establishment of OFNs of international trade from two coupled viewpoints: the viewpoint of trading commodity flow and that of money flow. Based on the novel model...

this paper represents a complete survey on generation companies’ (gencos’) optimal bidding strategy problem in restructured power markets. in this regard after an introduction to competitive electricity markets, concept of optimal bidding strategy is presented. considering large amount of works accomplished in this area a novel classification is implemented in order to categorize the existing d...

A theory of continuous trading with a very general commodity space is developed encompassing all the existing models as special cases. Agents are allowed to consume at lumps if they choose to. The martingale characterization of an equilibrium price system originated by Harrison and Kreps [8] is extended to our economy. The relationship between the sample paths properties of a price system and t...

Hedgers located far from organized commodity exchanges suffer a mismatch between their local prices and exchange prices. Futures and options traded on the exchange may still be valuable to distant hedgers, but only to the extent that basis risk is small. Forward contracting allows hedgers to manage risk using a local delivery price, but the Commodity Futures Trading Commission has long banned t...