Network Structure and its Impact on Commodity Markets †
Network Structure and its Impact on Commodity Markets †
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网络结构及其对商品市场的影响 –
DOI：
10.1111/poms.13513
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发表时间：
2021
影响因子：
5
通讯作者：
Birge, John R.
中科院分区：
文献类型：
--
作者：
Birge, John R.
初级商品市场之间的联系造成了风险扩散的可能性，以及随着连续的市场代理人失败而导致失败的可能性。然而，这些网络的结构往往是隐藏的，无法直接观察到。本文描述了揭示这种隐藏结构的方法，以及这些隐藏连接可能对预测风险传播和级联故障产生的影响。结果描述的背景下，电力，汽油和金融市场。它们说明了这一方法在帮助解决能源和商品政策问题及其对环境的影响方面的潜力。
Connections across commodity markets create the potential for risk to propagate and for failures to cascade as successive market agents fail. The structure of these networks is, however, often hidden and not directly observable. This article describes methods to uncover this hidden structure and the implications that these hidden connections may have for predicting risk propagation and cascading failures. The results are described in the context of electricity, gasoline, and financial markets. They illustrate the potential of this methodology to help address energy and commodity policy issues and their environmental implications.