The paper analyzes the network structure of international trade. Adapting a network approach developed in the physical sciences, we propose that international trade functions like a scale-free network. For each commodity group we calculate a characteristic parameter which reflects the structure of its trading network. We then insert this variable into an expanded gravity model to explore the ef...

Bandwidth services as they have evolved over the last years can increasingly be seen as a commodity. Multiple network operators have comparable offerings and compete for customers. This fuelled the foundation of bandwidth brokerage and bandwidth trading companies in the late 90s. Unfortunately, their business models where not very successful in the past. Besides the overall economic weakness at...

Asian options are of particular importance for commodity products which have low trading volumes (e.g. crude oil), since price manipulation is inhibited. Hence, the pricing of such options becomes one of the most interesting fields. Since there are no known closed form analytical solutions to arithmetic average Asian options, many numerical methods are applied. This paper deals with pricing of ...

Bandwidth services as they have evolved over the last years can increasingly be seen as a commodity. Multiple network operators have comparable offerings and compete for customers. This fuelled the foundation of bandwidth brokerage and bandwidth trading companies in the late 90s. Unfortunately, their business models where not very successful in the past. Besides the overall economic weakness at...

Although there is little academic research that supports the usefulness of technical analysis, its use remains widespread in commodity markets. Much prior research into technical analysis suffered from data-snooping biases. Using genetic programming, ex ante optimal technical trading strategies are identified. Because they are mechanically generated from simple arithmetic operators, they are fr...

This study applies the gravity model to explore whether establishment and agreement of ASEAN Free Trade Area (AFTA) have an impact on export increase rubber crude palm oil commodity trade for case member countries namely, Indonesia-Malaysia-Thailand (IMT). The uses time-series data, first Indonesia using period 1996-2017 with trading partners as much 21 (CPO) 22 commodity. Secondly, CPO Malaysi...

We consider an equilibrium forward contract on a nonstorable commodity when forward market participants have market powers. The forward contract is negotiated through a Nash bargaining process due to market powers. We derive the unique equilibrium forward contract in closed form and provide an extensive comparative statics analysis. We show in particular that the introduction of a forward marke...

Diversified trading networks have recently drawn a great deal of attention. In the process, the importance of diversity has perhaps been overemphasized. Using the trade in port wine from Portugal to Britain as an example, this essay attempts to show how a market once dominated by general, diversified traders was taken over by dedicated specialists whose success might almost be measured by the d...

Trend following strategy is a popular that investors often use in trading around the world. Stocks are bought during an upswing and sold decline, two main phases of trend-following technique. This research evaluates performance Chinese commodity market by systematically employing quantitative methods to trade get back test results for evaluation. The indicator this DMAC (Dual Moving Average Cro...