Pricing Forward Contracts in Power Markets by the Certainty Equivalence Principle: Explaining the Sign of the Market Risk Premium
Year of publication: |
2006-10
|
---|---|
Authors: | Benth, Fred Espen ; Cartea, Alvaro ; Kiesel, Ruediger |
Institutions: | Birkbeck, Department of Economics, Mathematics & Statistics |
Subject: | Contango | backwardation | market price of risk | electricity forwards | market risk premium | forward risk premium | forward bias |
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