FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3122256586> ?p ?o ?g. }

• W3122256586 endingPage "44" @default.
• W3122256586 startingPage "33" @default.
• W3122256586 abstract "This study advances the research on the convenience yield of bulk commodities with particular emphasis on thermal coal. We extend the option model of Milonas and Thomadakis (1997) to estimate thermal coal convenience yields using forward prices. We examine the business cycle of thermal coal in the presence of both demand and supply shocks and find that the convenience yield for thermal coal exhibits seasonal behavior. Convenience yields are negatively related to the inventory level of thermal coal despite the inventory not being co-located at the point of consumption while convenience yields are positively related to interest rates due to the business cycle. Our estimates of convenience yields for a bulk commodity such as thermal coal is consistent with results for other commodities such as base metals and oil where spot prices are more volatile than forward prices at low inventory levels. The result implies that the costs of storage are generally less than the operating costs associated with changes to production capacity so thermal coal producers prefer to stockpile the commodity rather than adjust production in response to changes in demand. JEL: C53, G14, Q41" @default.
• W3122256586 created "2021-02-01" @default.
• W3122256586 creator A5050779870 @default.
• W3122256586 date "2012-10-01" @default.
• W3122256586 modified "2023-10-01" @default.
• W3122256586 title "CONVENIENCE YIELDS IN BULK COMMODITIES: THE CASE OF THERMAL COAL" @default.
• W3122256586 cites W1965071402 @default.
• W3122256586 cites W1977455269 @default.
• W3122256586 cites W1990380835 @default.
• W3122256586 cites W2010316109 @default.
• W3122256586 cites W2044390252 @default.
• W3122256586 cites W2071681771 @default.
• W3122256586 cites W2089240053 @default.
• W3122256586 cites W2110641059 @default.
• W3122256586 cites W2135830723 @default.
• W3122256586 cites W2499558369 @default.
• W3122256586 cites W2602224136 @default.
• W3122256586 hasPublicationYear "2012" @default.
• W3122256586 type Work @default.
• W3122256586 sameAs 3122256586 @default.
• W3122256586 citedByCount "0" @default.
• W3122256586 crossrefType "journal-article" @default.
• W3122256586 hasAuthorship W3122256586A5050779870 @default.
• W3122256586 hasConcept C106159729 @default.
• W3122256586 hasConcept C106306483 @default.
• W3122256586 hasConcept C121332964 @default.
• W3122256586 hasConcept C127413603 @default.
• W3122256586 hasConcept C134121241 @default.
• W3122256586 hasConcept C134560507 @default.
• W3122256586 hasConcept C141100683 @default.
• W3122256586 hasConcept C144024400 @default.
• W3122256586 hasConcept C162324750 @default.
• W3122256586 hasConcept C175223733 @default.
• W3122256586 hasConcept C175444787 @default.
• W3122256586 hasConcept C175605778 @default.
• W3122256586 hasConcept C185544564 @default.
• W3122256586 hasConcept C204530211 @default.
• W3122256586 hasConcept C2778348673 @default.
• W3122256586 hasConcept C2779439359 @default.
• W3122256586 hasConcept C2781425195 @default.
• W3122256586 hasConcept C30772137 @default.
• W3122256586 hasConcept C34447519 @default.
• W3122256586 hasConcept C36289849 @default.
• W3122256586 hasConcept C39432304 @default.
• W3122256586 hasConcept C518851703 @default.
• W3122256586 hasConcept C548081761 @default.
• W3122256586 hasConcept C97355855 @default.
• W3122256586 hasConceptScore W3122256586C106159729 @default.
• W3122256586 hasConceptScore W3122256586C106306483 @default.
• W3122256586 hasConceptScore W3122256586C121332964 @default.
• W3122256586 hasConceptScore W3122256586C127413603 @default.
• W3122256586 hasConceptScore W3122256586C134121241 @default.
• W3122256586 hasConceptScore W3122256586C134560507 @default.
• W3122256586 hasConceptScore W3122256586C141100683 @default.
• W3122256586 hasConceptScore W3122256586C144024400 @default.
• W3122256586 hasConceptScore W3122256586C162324750 @default.
• W3122256586 hasConceptScore W3122256586C175223733 @default.
• W3122256586 hasConceptScore W3122256586C175444787 @default.
• W3122256586 hasConceptScore W3122256586C175605778 @default.
• W3122256586 hasConceptScore W3122256586C185544564 @default.
• W3122256586 hasConceptScore W3122256586C204530211 @default.
• W3122256586 hasConceptScore W3122256586C2778348673 @default.
• W3122256586 hasConceptScore W3122256586C2779439359 @default.
• W3122256586 hasConceptScore W3122256586C2781425195 @default.
• W3122256586 hasConceptScore W3122256586C30772137 @default.
• W3122256586 hasConceptScore W3122256586C34447519 @default.
• W3122256586 hasConceptScore W3122256586C36289849 @default.
• W3122256586 hasConceptScore W3122256586C39432304 @default.
• W3122256586 hasConceptScore W3122256586C518851703 @default.
• W3122256586 hasConceptScore W3122256586C548081761 @default.
• W3122256586 hasConceptScore W3122256586C97355855 @default.
• W3122256586 hasIssue "4" @default.
• W3122256586 hasLocation W31222565861 @default.
• W3122256586 hasOpenAccess W3122256586 @default.
• W3122256586 hasPrimaryLocation W31222565861 @default.
• W3122256586 hasRelatedWork W1483762814 @default.
• W3122256586 hasRelatedWork W1555571743 @default.
• W3122256586 hasRelatedWork W1829061990 @default.
• W3122256586 hasRelatedWork W1977455269 @default.
• W3122256586 hasRelatedWork W1996376701 @default.
• W3122256586 hasRelatedWork W2010316109 @default.
• W3122256586 hasRelatedWork W2060909347 @default.
• W3122256586 hasRelatedWork W2071681771 @default.
• W3122256586 hasRelatedWork W2108132266 @default.
• W3122256586 hasRelatedWork W2108601654 @default.
• W3122256586 hasRelatedWork W2351849052 @default.
• W3122256586 hasRelatedWork W2360604101 @default.
• W3122256586 hasRelatedWork W2516349682 @default.
• W3122256586 hasRelatedWork W2610306174 @default.
• W3122256586 hasRelatedWork W2947412662 @default.
• W3122256586 hasRelatedWork W3097487902 @default.
• W3122256586 hasRelatedWork W3122375141 @default.
• W3122256586 hasRelatedWork W3125474598 @default.
• W3122256586 hasRelatedWork W880806940 @default.
• W3122256586 hasRelatedWork W1747709798 @default.
• W3122256586 hasVolume "6" @default.
• W3122256586 isParatext "false" @default.
• W3122256586 isRetracted "false" @default.

• next