Estimating the Competitive Storage Model with Stochastic Trends in Commodity Prices

We propose a state-space model (SSM) for commodity prices that combines the competitive storage model with a stochastic trend. This approach fits into the economic rationality of storage decisions, and adds to previous deterministic trend specifications of the storage model. Parameters are estimated...

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Hauptverfasser:	Osmundsen, Kjartan Kloster, Kleppe, Tore Selland, Liesenfeld, Roman, Oglend, Atle
Format:	Artikel
Sprache:	eng
Schlagworte:	Statistics - Applications Statistics - Computation
Online-Zugang:	Volltext bestellen
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