Cross-sections of option prices embed the risk-neutral probability densities functions (PDFs) for the future values of … implied in option prices. Using FTSE 100 and S&P 500 options, and both power and exponential utility functions, we show that …

prices as an information variable for monetary policy implementation. A set of option prices provides us with information on … prices on stock prices and long term government bond futures. The estimation is done for a sample of daily closing prices for …

Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity … wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers’ inability to control …