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Volumn 6, Issue 2, 2004, Pages 109-121

The pricing of forward ship value agreements and the unbiasedness of implied forward prices in the second-hand market for ships

Author keywords

Cointegration; Forward prices; Time varying risk premium; Unbiasedness hypothesis; Vessel values

Indexed keywords


EID: 4043082053     PISSN: 14792931     EISSN: 1479294X     Source Type: Journal    
DOI: 10.1057/palgrave.mel.9100098     Document Type: Article
Times cited : (10)

References (13)
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  • 2
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    • Adland, R.1    Koekebakker, S.2
  • 3
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  • 4
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    • Fama, E.1
  • 5
    • 33748065484 scopus 로고
    • Spurious regressions in econometrics
    • Granger, CWJ and Newbold, P. 1974: Spurious regressions in econometrics. Journal of Econometrics 2: 111-120.
    • (1974) Journal of Econometrics , vol.2 , pp. 111-120
    • Granger, C.1    Newbold, P.2
  • 8
    • 0000158117 scopus 로고
    • Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models
    • Johansen, S. 1991: Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica 59: 1551-1580.
    • (1991) Econometrica , vol.59 , pp. 1551-1580
    • Johansen, S.1
  • 9
    • 0036589237 scopus 로고    scopus 로고
    • The expectations hypothesis of the term structure and risk premia in dry bulk shipping freight markets; an EGARCH-M approach
    • Kavussanos, MG and Alizadeh, A. 2002: The expectations hypothesis of the term structure and risk premia in dry bulk shipping freight markets; an EGARCH-M approach. Journal of Transport Economics and Policy 36: 267-304.
    • (2002) Journal of Transport Economics and Policy , vol.36 , pp. 267-304
    • Kavussanos, M.G.1    Alizadeh, A.2
  • 11
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    • Nelson, C.R.1    Siegel, A.F.2
  • 12
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    • Center for Applied Research, Norwegian School of Economics and Business Administration, working paper MU
    • Strandenes, SP. 1984: Price determination in the time charter and second hand markets. Center for Applied Research, Norwegian School of Economics and Business Administration, working paper MU 06.
    • (1984) Price Determination in the Time Charter and Second Hand Markets , pp. 6
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  • 13
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    • The term structure of ocean freight rates
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    • Veenstra, A.W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.