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This paper proposes to investigate the impact of financialization on energy markets (oil, gas, coal and electricity European forward prices) during both normal times and extreme fluctuation periods through an original behavioral and emotional approach. To this aim, we propose a new theoretical...
Persistent link: https://www.econbiz.de/10009737191
spikes should provide generation companies with sufficient investment incentives in theory, there are a number of probable …
Persistent link: https://www.econbiz.de/10011606911
The Chinese leadership in November 2013 determined to embark upon a new wave of comprehensive reforms in China. This is clearly reflected by the key decision of the Third Plenum of the 18th Central Committee of Communist Party of China to assign the market a decisive role in allocating...
Persistent link: https://www.econbiz.de/10010403532
Energy Price Reform in ChinaThe Chinese leadership has determined to assign the market a decisive role in allocating resources. To have the market to play that role, getting the energy prices right is crucial because this sends clear signals to both producers and consumers of energy. While the...
Persistent link: https://www.econbiz.de/10011850316
Persistent link: https://www.econbiz.de/10008669344
than in summer. A simple volatility seasonal model that is based on sinusoidal functions on the basis improves the risk …
Persistent link: https://www.econbiz.de/10010479020
horizon is attained. In this paper, a pair-wise comparison between the conventional risk premium and the accrued risk premium … obtained. Firstly, and most importantly, the accrued risk premium in rollover strategies is significatively larger than … conventional risk premiums and increases with the time to delivery. Specifically, for strategy horizons between three and six …
Persistent link: https://www.econbiz.de/10011451477
The diffusion of renewable energy in the power system implies high supply variability. Lacking economically viable storage options, renewable energy integration has so far been possible thanks to the presence of fast-reacting mid-merit fossil-based technologies, which act as back-up capacity....
Persistent link: https://www.econbiz.de/10011509087
pollution regulations, however, are linked to reductions in the risk of dying for cancer, heart disease, and respiratory … higher when the risk reduction is delivered by a public program, and increases with the effectiveness rating assigned by the … respondent to public programs that address specific causes of death. The effectiveness of private risk-reducing behaviors is also …
Persistent link: https://www.econbiz.de/10008747732
curbing the opening of resource extraction to private investors. These issues are exacerbated by concerns related to the risk …
Persistent link: https://www.econbiz.de/10010203405