This paper examines the effect on Ireland's Single Electricity Market (SEM) of the UK's unilateral policy to implement a carbon price floor for electricity generation based on fossil-fuel. We simulate electricity markets and find that, subject to efficient use of the interconnectors between the...

Australian woolgrowers have not adopted price risk management in the last decade. This is despite a concerted effort at various times by participants in the wool industry to encourage growers to use hedging/forward selling. The explanation for the reluctance of woolgrowers to use futures market...

This paper examines the potential role for Power to Gas (P2G) as applied to an island energy system with high levels of renewable electricity penetration. P2G systems require both a supply of green electricity and a source of CO2. Cheap electricity is essential for a financially sustainable P2G...

This paper compares retail and wholesale electricity prices in SEM, the market of the island of Ireland, and BETTA in Great Britain. Wholesale costs are much lower in BETTA. We show that this is mostly because the wholesale price in BETTA is set too low to cover generation costs, although it is...

Efforts to meet climate change mitigation and energy security targets spur investments in variable renewable energy sources. Their implications for the operation of power plants are frequently investigated drawing on unit commitment and dispatch models. However, the temporal granularity and...

Rule 12b-1, adopted by the SEC in 1980, allows mutual funds, under specified circumstances, to assess asset-based fees in order to support distribution and advertising. 12b-1 fees are usually used in combination with a back-end load as an alternative to a front-end sales load for compensating...

This paper evaluates the scale and scope of bank proprietary mutual funds. We find that most bank proprietary funds could realize efficiency gains by boosting assets under management and some by offering more diversified product lines. The data indicate that the appropriate size for a...

Since their inception in the early 1970s, money market mutual funds have been relatively safe investments. Indeed, the money fund industry itself has noted that no investor has ever lost a dollar in a money market fund. Nevertheless, money funds have been buffeted by a series of defaults on...

This article reviews several techniques useful for forming point and interval predictions in regression models with Box-Cox transformed variables. The techniques reviewed--plug-in, mean squared error analysis, predictive likelihood, and stochastic simulation--take account of nonnormality and...