Commodity Modeling and Pricing

Preface ix
<p>Acknowledgments xi</p>
<p>PART ONE Dynamics of Commodity Price Behavior 1</p>
<p>CHAPTER 1 Indirect Inference and Long Memory: A New Truncated–Series Estimation Method<br /> Armand Sadler, Jean–Baptiste Lesourd, and Velayoudom Marimoutou 3</p>
<p>CHAPTER 2 Procyclicality of Primary Commodity Prices: A Stylized Fact?<br /> A. Behrooz Afrasiabi 30</p>
<p>CHAPTER 3 Nonlinear Features of Comovements between Commodity Prices and Inflation<br /> Catherine Kyrtsou 52</p>
<p>CHAPTER 4 The Oil Price and the Dollar Reconsidered<br /> Sadek Melhem and Michel Terraza&nbsp;65</p>
<p>PART TWO Inventory Dynamics and Price Behavior 77</p>
<p>CHAPTER 5 Time–Varying Ratios of Primary and Scrap Metal Prices: Importance of Inventories<br /> Irene M. Xiarchos 79</p>
<p>CHAPTER 6 Metal Prices and the Supply of Storage<br /> Paul Crompton and Irene M. Xiarchos 103</p>
<p>CHAPTER 7 Testing for Temporal Asymmetry in the Metal Price–Stock Relationship<br /> Eugene Kouassi 118</p>
<p>CHAPTER 8 Do Fluctuations in Wine Stocks Affect Wine Prices?<br /> James O. Bukenya 136</p>
<p>PART THREE Dynamics of Resource Markets 167</p>
<p>CHAPTER 9 Dynamic Quadratic Programming in Process Control<br /> Bruce A. Bancroft 169</p>
<p>CHAPTER 10 Pollution Taxes and Price Control in the US Coal Market: A Rent Minimization Model<br /> Chin W. Yang and Ming–Jeng Hwang 176</p>
<p>CHAPTER 11 A Forecasting Simulation of Coal in Indonesia′s Energy Future<br /> Ukar W. Soelistijo 185</p>
<p>CHAPTER 12 Structural Decomposition Analysis of Changes in Material Demand in the U.S. Economy<br /> Adam Rose and Chia–Yon Chen 195</p>
<p>PART FOUR Environmental Resource Dynamics 209</p>
<p>CHAPTER 13 Linking Trade and the Environment in China<br /> Haixiao Huang 211</p>
<p>CHAPTER 14 Critical Needs in China′s Water Resources<br /> Andres Liebenthal 229</p>
<p>CHAPTER 15 Public Input in Rural Land Preservation: Modeling Preference Asymmetries in Stated Preference Data<br /> Robert J. Johnston and Kelly Giraud Cullen 247</p>
<p>CHAPTER 16 African Women in Mining Partnerships<br /> Brigitte Bocoum 267</p>
<p>EPILOGUE Conclusions and Perspective<br /> Walter C. Labys 279</p>
<p>List of Contributors 289</p>
<p>Index 295</p>