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Structure Par Terme Des Prix Des Commodites

Structure Par Terme Des Prix Des Commodites

          
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About the Book

Les informations apportées par les marchés à terme et les techniques de couverture qu'ils proposent peuvent-elles servir à valoriser un gisement pétrolier? Pour répondre à cette question, l'auteur de cette thèse s'intéresse à la valorisation d'un baril de pétrole pour une échéance de livraison éloignée. Pour y parvenir, un modèle de structure par terme des prix des commodités est employé. Dans le cadre de cette thèse, l'étude des relations de prix dans les marchés de matières premières montre que les difficultés de l'arbitrage ont un impact sur le comportement des prix, jusque là ignoré. Un modèle de structure par terme intégrant cette spécificité est donc développé. Il est testé et comparé aux deux modèles les plus employés dans le domaine. Les résultats obtenus confirment la validité de l'hypothèse formulée. L'apport des modèles de structure par terme dans le contexte des projets d'investissement est enfin mis en évidence, à partir d'une comparaison avec les méthodes traditionnellement employées pour valoriser un gisement et décider de sa date de mise en exploitation.


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Product Details
  • ISBN-13: 9786131510991
  • Publisher: Editions Universitaires Europeennes
  • Publisher Imprint: Editions Universitaires Europeennes
  • Height: 229 mm
  • No of Pages: 496
  • Series Title: French
  • Weight: 722 gr
  • ISBN-10: 6131510997
  • Publisher Date: 20 Jun 2010
  • Binding: Paperback
  • Language: French
  • Returnable: N
  • Spine Width: 28 mm
  • Width: 152 mm


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