Showing 1 - 10 of 59
Building on a model of the interaction of risk-averse frms that compete in forward and spot markets, we develop an empirical strategy to test whether oligopolistic frms use forward contracts for strategic motives, for risk-hedging, or for both. An increase in the number of players weakens the...
Persistent link: https://www.econbiz.de/10011380799
valuation of fares and accessibility. Aviation and high-speed rail are homogenous in unobserved effects. The large market share …
Persistent link: https://www.econbiz.de/10011378323
We study the trip scheduling preferences of train commuters in a real-life setting. The underlying data have been collected during large-scale peak avoidance experiment conducted in the Netherlands, in which participants could earn monetary rewards for traveling outside peak hours. The...
Persistent link: https://www.econbiz.de/10011295719
There is substantial empirical evidence that energy and financial markets are closely connected. As one of the most widely-used energy resources worldwide, natural gas has a large daily trading volume. In order to hedge the risk of natural gas spot markets, a large number of hedging strategies...
Persistent link: https://www.econbiz.de/10011490999
This paper presents a meta-analysis of variations in price and income elasticities of residential water demand … synthesize research results on price and income elasticities of residentialwater demand report in the literature. These … empirical estimates of the price and income elasticity ofresidential water demand vary to such considerable extents. The set of …
Persistent link: https://www.econbiz.de/10011398958
concerns. We provide novel evidence on how price change in real life affects grocery shopping behavior in the Netherlands. We … focus on price-induced behavioral response among major meat categories (beef, pork, and poultry), fish, and the emerging … approximately 1,500 products in 884 stores from several retail chains between 2015 and 2018. The own- and cross-price elasticities …
Persistent link: https://www.econbiz.de/10014577918
We apply utility indifference pricing to solve a contingent claim problem, valuing a connected pair of gas fields where the underlying process is not standard Geometric Brownian motion and the assumption of complete markets is not fulfilled. First, empirical data are often characterized by...
Persistent link: https://www.econbiz.de/10010465169
Persistent link: https://www.econbiz.de/10003985259
The energy sector is one of the most important in the world, so that time series fluctuations in leading energy sources have been analysed widely. As the leading energy commodities are traded on international stock exchanges, the analysis of the fluctuations in stock and financial derivatives...
Persistent link: https://www.econbiz.de/10011441584
with peak ground velocities of above half a cm/s lead to price decreases of 1.2 percent. The total non-monetary costs of …
Persistent link: https://www.econbiz.de/10010504117