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- Title
Dynamics of Biofuel Stock Prices: A Bayesian Approach.
- Authors
Du, Xiaodong; Hayes, Dermot J.; Yu, Cindy L.
- Abstract
The article focuses on the dynamic behavior of stock prices in the biofuel industry. It says that stock prices have shown volatility and bubble-like patterns while the renewable energy sector had a market capitalization of approximately 170 billion dollars by 2007. It states that stock prices fell in the presence of high volatility after an initial surge in May 2006. Moreover, a Bayesian Markov chain Monte Carlo (MCMC) method concerning biofuels stock prices is discussed.
- Subjects
STOCK prices; BIOMASS energy industries; MARKET volatility; MARKET capitalization; BAYESIAN analysis; MARKOV processes; MONTE Carlo method
- Publication
American Journal of Agricultural Economics, 2011, Vol 93, Issue 2, p418
- ISSN
0002-9092
- Publication type
Article
- DOI
10.1093/ajae/aaq157