Equilibrium storage with multiple commodities

B-Tier
Journal: Journal of Mathematical Economics
Year: 2009
Volume: 45
Issue: 1-2
Pages: 80-96

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper introduces a multisector model of commodity markets with storage, where equilibrium is defined by profit maximization, arbitrage and market clearing conditions. We then solve for the decentralized equilibrium via a corresponding dynamic program. We also describe the dynamics of the model, establishing geometric ergodicity, a Law of Large Numbers and a Central Limit Theorem.

Technical Details

RePEc Handle
repec:eee:mateco:v:45:y:2009:i:1-2:p:80-96
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26