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with the real option methodology can improve the traditional model explaining a consistent part of the oil fluctuations. …
Persistent link: https://www.econbiz.de/10010542263
In this paper, we explore the effects of dynamic uncertainty on the risk management of regulated industries and emission market. We consider as major sources of uncertainty the stochastic growth of demand for the industry output (e.g. electric energy) and the ensuing lack of information on the...
Persistent link: https://www.econbiz.de/10008498351