Theory Of Economics Essay, Research Paper
theory
THE THEORY OF STORAGE. ?THE SUPPLY OF STORAGE REFERS
NOT TO THE SUPPLY Of STORAGE SPACE BUT TO THE SUPPLY OF
COMMODITIES AS INVENTORIES. IN GENERAL A SUPPLIER OF
STORAGE IS ANYONE WHO HOLDS TITLE TO SKS WITH A VIEW
TO THEIR FUTURE SALE, EITHER IN THEIR PRESENT OR IN A
MODIFIED FORM. SINCE PRODUCTION IS NOT STABLE FOR ALL
COMMODITIES ESPECIALLY ARGICULTURAL CONSUMERS DEMAND
THAT THE STORAGE FUNCTION BE SO PERFORMED THAT THE
FLOW OF COMMODITIES FOR SALE WILL BE MADE RELATIVELY
STABLE.? (BRENNAN P. 51)
?the theory purports to provide an explanation of
the holding of all stocks, including those for which
there is not an active future market. it will be shown
that, on the supply side, in addition to the marginal
expenditure on physical storage and the marginal
convenience yield another variable, a risk premium, is
required to explain the holding of stocks as
functions of price spreads. in the empirical part of
the study the theory will be applied to stocks of
several agricultural commodities. the risk premium for
each commodity will be measured residually under
specified conditions by deducting form the price
spread between two periods the other two
components of the marginal cost of storage.?
(brennan p.50)
IN GENERAL WE CAN OBTAIN A MEASURE OF THE RELATIVE RISK
PREMIUMS INVOLVED IN THE STORAGE OF DIFFERENT
COMMODITITES.
?allen Paul, in a 1970 American journal of agricultural
economics article, studied the pricing of grain storage
space in the u.s. during the surplus period of the 1950s
and 1960s. Paul?s work differs from other works in
that he investigates the pricing of all grain storage
not just that available to a particular commodity.
While brennan?s marginal storage cost is from the
point of view of the owner of the grain, Paul is
looking at the first component only. he is only
looking at the charge to owners of grain for
binspace by elevator operators… while paul?s
estimated equations may suggest a traditional
positively sloped supply function, he was forced to
concede that, despite his assumptions of ?no
convenience yield,? his estimated equation appeared to
reflect this phenomenon. the study suggests that
commodity contracts are an indirect means of pricing
services.? (book article p. 215-220)
Другие работы по теме:
Alfred Wegener Essay Research Paper Alfred Wegener
Alfred Wegener Essay, Research Paper Alfred Wegener was an explorer and meteorologist, born in Berlin, who first came up with the “Continental Drift Theory” or the “Wegener Theory.” This theory stated that all of the continents came from one super continent, also known as Pangea, which spread apart gradually moving into their current positions on Earth.
September 11 Essay Research Paper During the
September 11 Essay, Research Paper During the summer of tenth grade, I took a number theory course at Johns Hopkins University with students from Alaska, California, and Bogota, Colombia. My attendance of the New Jersey Governor’s School in the Sciences is another accomplishment that exemplifies my dedication to knowledge.
The HerseyBlanchard Situation Essay Research Paper The
The Hersey-Blanchard Situation Essay, Research Paper The Hersey-Blanchard Situational Theory One of the most widely followed leadership models is the situational leadership theory of Paul Heresy and Kenneth Blanchard. Situational Leadership Theory is a contingency theory that focuses on the followers.
BioTechnology Essay Research Paper The shortterm future
Bio-Technology Essay, Research Paper The short-term future of biotechnology in production agriculture looks bleak. The unattractive truth is that economics, not science can play a larger role in the future of biotechnology.
Pyramids 3 Essay Research Paper Pyramids are
Pyramids 3 Essay, Research Paper Pyramids are one of the world s greatest mysteries, which are located in Egypt. There were a lot of theories of how the pyramids were built, but no one was sure. The Greeks came up with the theory, that it took 100, 000 men and 20 years to build the Great Pyramid of Gizeh. That theory was proven wrong because it was believed that it took 5 times that amount of men.
TheSortOfEconomic Constitution Essay Research Paper The SortOfEconomic
The-Sort-Of-Economic Constitution Essay, Research Paper The Sort-Of-Economic Constitution The Constitution was written to provide the thirteen colonies with universal rules, laws, and regulations on all concerning issues. Many subjects were discussed; distributions of power locally and nationally, enforcement of the terms of the distribution, taxation, and commerce.
Econpric Essay Research Paper Economics Essay
Econpric Essay, Research Paper Economics Essay> Q. Why do prices of some goods fluctuate more than others?A. It is a well known fact, that various prices of goodsfluctuate at various levels. The products which fluctuate most inprice are often held to be necessities, but what is that makesthese changes, and which factors influence them.
Economics Of Sex Essay Research Paper This
Economics Of Sex Essay, Research Paper This mini-paper is to study how people of different moral standard choose their one-night-stand partners. At a late stage of this paper, I will state the limitations of this theory.
Game Theory Essay Research Paper Game TheoryStrategic
Game Theory Essay, Research Paper Game Theory (Strategic Thinking in Everyday Life) Have you ever been faced with having to live with a decision you made knowing that had you taken the time to analyze the outcomes you may have made a more intelligible choice? Most likely the answer to that question was “yes”.
William James Essay Research Paper William James
William James Essay, Research Paper William James, in the first lecture of his work the varieties of religious experiences analyzes the origins of religious phenomena. The theory mostly debated among others is that of medical materialism.
Positivism Essay Research Paper PositivismPositivism is the
Positivism Essay, Research Paper Positivism Positivism is the belief that “scientific naturalism” is the foundation of knowledge and truth. Leszek Kolakowski wrote “Positivism is a normative attitude, regulating how we are to use such terms as knowledge , science , cognition , and information . Positivism rejects the theories of theology and metaphysics because they don t have proof that they are true.
Copernicus Essay Research Paper Copernicus
Copernicus Essay, Research Paper Copernicus’ work on planetary motion stood an a very high mathematical level for his times. His theory explained how all the celestial bodies move around the Sun. It took Nicolaus 30 years of mathematical research to form a theory about planetary motion. The three most popular instruments which Copernicus used were quadrant, armilla, and triquetrum.
Economics Scarcity Choice Essay Research Paper Economics
Economics, Scarcity, Choice Essay, Research Paper Economics, Scarcity, and Choice Economics: is the study of choice under conditions of scarcity Scarcity: a situation in which the amount of something available is insufficient to satisfy the desire for it.
Divine Command Theory Essay Research Paper Divine
Divine Command Theory Essay, Research Paper Divine Command Theory The divine command theory is the view that moral actions are those which conform to God’s will. Charity, for example, is morally proper because God endorses it, and murder is wrong because God condemns it. One way to test to see whether any action is right or wrong is first to determine if it conforms to God’s will, it is morally permissible, if it does not, then it is impermissible.
The Philosophes Essay Research Paper The PhilosophesThe
The Philosophes Essay, Research Paper The Philosophes The Age of Enlightenment was the result of the actions that had taken place by intellectuals who gave new thought to the ideas of politics, economics, religion, and the
Douglas M Mcgregor Essay Research Paper Douglas
Douglas M. Mcgregor Essay, Research Paper Douglas M. McGregor Mr. McGregor theorizes that management views an employee s motivation toward work in two distinct ways Theory X and Theory Y. Theory X managers believe the following: (1) The average worker naturally does not like work and will avoid it whenever possible. (2) Managers must always control, motivate, and direct their employees to perform well. (3) Most workers prefer being directed, avoid responsibility, and seek job security.
Charles Darwin Essay Research Paper Charles Darwin 2
Charles Darwin Essay, Research Paper Charles Darwin, a 19th century biologist believed in a theory of survival of the fittest. The theory of Darwinism says that whoever is best fit for their surroundings will survive. This theory was used to explain how animals came about and survive and brought about the theory of evolution.
Theory Of Recollection Essay Research Paper Plato
Theory Of Recollection Essay, Research Paper Plato has had a Theory of Recollection to explain our access of knowledge, that knowledge is from within, and not obtained through experience. The Theory of Recollection refers to the idea that recollection is like the soul, where it is maintained and never dying, therefore it constitutes the spiritual aspect of remembering.
Pluralism Essay Research Paper PLURALISM AS THE
Pluralism Essay, Research Paper PLURALISM AS THE MOST DESCRIPTIVE THEORY OF AMERICAN GOVERNMENTThere are several different theories as to the question of how America is governed. Thereare those who still espouse the civics book theory, in which the individual is representedby his vote; those who advocate various elitist theories, claiming that we as individualshave no voice, and are merely pawns in some larger game, and there are those others whosupport what is known as the pluralist theory.
Paul A Samuelson Essay Research Paper Paul
Paul A. Samuelson Essay, Research Paper Paul A. Samuelson Paul Samuelson was born in Gary, Indiana in 1915. He was not the best of students; in fact, he made no impact at all until he got to college. Although he was an underachiever in high school, Samuelson became one of the greatest economists of the twentieth century.
Government Intervention Essay Research Paper Government Intervention
Government Intervention Essay, Research Paper Government Intervention: A Time and A Place The twentieth century has been the age for the most varied experiments in political policies that the world has ever seen. Governments are continually trying to improve and create the best system of regulation for their citizens.
Freud Essay Research Paper Freud
Freud Essay, Research Paper Freud’s Personality Theory The development of gender roles in deifferent forms of feminsm gives us a revealing overview of Freud’s personality theory. It is relatively
Cellular Life Essay Research Paper In this
Cellular Life Essay, Research Paper In this paper I will show my knowledge of many different topics of Cellular Life. I will explain the theory of biogenesis, cell theory, the history of both and how they tie in together. I will also state the scientific method and why it is important to science.
Is Evolution A Fact Or A Theory
? Essay, Research Paper Is Evolution a Fact or a Theory? Both. In Darwin’s day, and before, many naturalists theorized that living things were somehow related in a manner beyond that of their obvious common differences from non-living matter. These speculations, including those of Darwin, are appropriately termed theories: speculations about nature that were informed by observation and subject to test by additional observations.
Buddhist Economics Essay Research Paper Buddhist EconomicsMost
Buddhist Economics Essay, Research Paper Buddhist Economics Most people think that religion and economics don?t mix. So you would think the same in the case with Buddhism and economics. But actually the there is a set of rules that go along with our modern day economics that have their own meanings. Buddhists believe that spiritual health and well being go hand in hand.
Impact Of Economics And Science During The
19Th Century Essay, Research Paper Steve Dohl 3/13/01 Pre IB His/Geo The impact of Economics and Science during the 19th Century In the period from c. 1850-1914 economics and science were changing the world and lifestyles. Adam Smith introduced the idea of capitalism and gave the idea that mercantilism is bad (‘lessie faire’).
Supporting Big Bang Essay Research Paper Science
Supporting Big Bang Essay, Research Paper Science has hypothesized that the universe was created by a big bang. By researching stars and fossil records scientists have claimed that the earth is much older than it is said to be in the creation theory. The creation theory says that the universe is only several thousand years old, but carbon dating has shown that fossils on earth are millions of years old thus disproving part of the creation theory with evidence.
Big Bang Essay Research Paper Before The
Big Bang Essay, Research Paper Before The Big Bang Every since scientists came up with an idea of how the universe started and was created, through the Big Bang, there has always been discussion and questioning on what the universe was, before it was created. Was there nothing because there was no time and no God, or was there something we haven t discovered yet.
Grand Unified Theory Essay Research Paper Final
Grand Unified Theory Essay, Research Paper Final essay 7 Essay 7 There are many laws to help us understand motion and the way things move and work. Most of the modern excepted theories were either thought up by Sir Isaac Newton or Albert Einstein, and Greene?s theory tried to tie them all together.
Inherit The Wind Essay Research Paper In
Inherit The Wind Essay, Research Paper In our Consititution, citizens have many righhts, but do we have the right to think? In the play Inherit the Wind by Jerome Lawrence adn Robert Lee, a man is on trial for teaching his students about the theory of evolution. Drummond, the lawyer for this man, said “With all respect to the bench, I hold that the right to think is very much on trial.”