and forward hedging are two separate levers for demand and spot price risk diversification. We show that they are … risk management. We develop an equilibrium model that fits electricity markets well. We point out that vertical integration … highly risk averse downstream agents, vertical integration may be a better way to diversify risk than spot, forward and …

forward hedging and vertical integration are two separate mechanisms for demand and spot price risk diversification that both … forward hedging when retailers are highly risk averse. We illustrate our analysis with data from the French electricity market. … the impact of forward markets and vertical integration on prices, risk premia and retail market shares. We point out that …

forward hedging and vertical integration are two separate mechanisms for demand and spot price risk diversification that both … forward hedging when retailers are highly risk averse. We illustrate our analysis with data from the French electricity market … the impact of forward markets and vertical integration on prices, risk premia, and retail market shares. We point out that …

and forward hedging are two separate levers for demand and spot price risk diversification. We show that they are … risk management. We develop an equilibrium model that fits electricity markets well. We point out that vertical integration … highly risk averse downstream agents, vertical integration may be a better way to diversify risk than spot, forward and …

there is a statistically significant risk premium for nuclear technology. This point is in line with the most recent studies … find that the value of the risk premium is on the order of 1% above the systematic risk of a coal-fired plant, which is … safe investments, they present a high level of systematic risk. A possible explanation for this important excess return is …

precautionary bias multiplies a type of risk aversion index by the local volatility. Relying on the analytical forms, we discuss in …