the price volatility spillover effect indicates that price volatility in different markets can be mutually affected. the objective of the study is to analyze volatility price spillover effects on the vertical levels including input, wholesale and retail sale levels in the tehran beef supply chain. the multivariate generalized autoregressive conditional heteroskedastic (mvgarch) model was used b...

This paper deals with the development of offering strategies for a wind power producer considering a stochastic model. Several scenarios are analyzed and two kinds of uncertainty are simultaneously handled: wind power and electricity market prices. The proposed approach allows evaluating production and offering strategies to be submitted to the electricity market with the goal of maximizing pro...

This paper analyses the rural food sector of the Indian Republic in an intertemporal growth context. A model is developed which includes the government's conflict between its poverty reducing attempts through public distribution of food, subsidized issue and support food prices and long term developmental goals. The ARDL cointegration procedure for mixed order dynamic processes identifies the m...

Using a real options framework, we value and analyze supply contracts characterized by exchange rate uncertainty, order quantity flexibility and supplier-switching options. Analogous to the portfolio optimization framework, our framework analyzes the incentives that the suppliers face in accepting order level flexibility. The resulting tradeoff (for the supplier) is a balance between greater vo...

This paper quantifies the degree of market power in the German wholesale electricity market. A fundamental model is used to derive competitive marginal cost estimators which are compared with observed electricity prices. Marginal costs are calculated focusing on market fundamentals such as plant capacities, fuel prices, and load structures. In addition, international power exchange and dynamic ...

This paper considers the effect of exchange rate (ER) level on China’s domestic prices during the period of 2003–2012. We examine China’s consumer price index (CPI), import price index (IPI) and producer price index (PPI) by using time series vector error correction analysis. The main finding of the paper is that ER passthrough has had a limited but growing effect on domestic prices and will co...