In electricity markets, futures contracts typically function as a swap since they deliver the underlying over a period of time. In this paper, we introduce a market price for the delivery periods of electricity swaps, thereby opening an arbitrage-free pricing framework for derivatives based on...

The Great Game in West Asia examines the strategic competition between Iran and Turkey for power and influence in the South Caucasus. These neighboring Middle East powers have vied for supremacy and influence throughout the region and especially in their immediate vicinity, while contending with...