this paper investigates the informational content of abnormal volume trading of shares listed at tehran stock exchange (tse) using an event study methodology. the results for a sample of 48 iranian firms during 1385-1388 show that there are abnormal returns before and after the abnormal trading volume dates. regression analysis also shows that there is a significant relationship between trading...

This paper presents trend prediction results based on backtesting of the European Union Emissions Trading Scheme futures market. is Intercontinental Exchange from 2005 to 2019. An alternative strategy taken that predicated an application Fractal Market Hypothesis (FMH) in order develop indicator predictive short term future behaviour. To achieve this, we consider a change polarity Lyapunov-to-V...

Global warming has seriously affected human production and life. At present, countries around the world are committed to finding ways save energy reduce emissions. The Kyoto Protocol introduced a market mechanism trade power of carbon dioxide other greenhouse gas emissions as commodity. In process actual economic operation, due advanced emission reduction technology, extensive use new energy, i...

Abstract Using a unique dataset of daily returns 89 programmes Commodity Trading Advisors (CTAs), we investigate the distributional properties CTA strategies including trend following, fundamental and contrarian strategies. We find that data exhibits strong features fat-tail, volatility clustering, long memory in volatility. This is different from previous studies which are often based on month...

In this paper, we propose a mean-field game model for the price formation of commodity whose production is subjected to random fluctuations. The generalizes existing deterministic models. Agents seek minimize their average cost by choosing trading rates with that characterized balance between supply and demand. processes are assumed follow stochastic differential equations. Here, show that, lin...

This essay uses an eighteenth-century patolu—a fine silk double-ikat textile—as the jumping-off point to explore complex trading relationship between South Asia and islands of maritime Southeast Asia. Using Dutch Textile Trade Project’s data visualizations, this considers loosening connections specific localities (including Gujarat, Coromandel Coast, Bengal) their characteristic textiles in ear...

intra-industry trade (iit) comprises of instantaneous imports and exports of goods and services which are handled in a same industry. the importance of iit between trading partners refers to those tradable products that provide them with diversity and high technology. to expand its foreign trade relations, iran indeed requires such trade patterns that include diversification of goods and servic...

Experimental double-auction commodity markets are known to exhibit robust convergence competitive equilibria under stable or cyclical supply and demand conditions, but little is about their performance in truly random environments. We provide a comprehensive study of double auctions stochastic setting where the equilibrium prices, trading volumes gains from trade highly variable across periods,...

In September 2012, Amazon, the leading Infrastructure as a Service (IaaS) provider, launched a secondary marketplace venue for users to buy and sell cloud resources between themselves—the Amazon EC2 Reserved Instance Marketplace (ARIM). ARIM is designed to encourage users to purchase more long-term reserved instances, thus generating more stable demand for the provider and additional revenue th...

BBbk Dummy variable for each bean type (k) and buyer (b) combination (k = 1,b = 1 base case) BSsk Dummy variable for each bean type (k) and seller (s) combination (k = 1, s = 1 base case) TVmk Overall coffee export volume during month m (kilo tons) DFm Fraction of coffee export volume traded on the digital platform during month m Zbd, Zsd Indicator variable set to 1 if buyer b (seller s) had a ...