welfare increasing than forwards, but the difference is minimal. In the presence of bankruptcy, options are the preferred …Upstream producers that possess market power, sell forwards with a lengthy duration to regional electricity companies … is less likely to be bailed out, the effect on upstream profits is ambiguous while consumers loose. Options are less …

Zinssätze und Anleihen -- Futures und Forwards -- Swaps -- Optionen -- Grundlegende Modelle der Optionsbepreisung … und Futures • Swaps • Optionen • Finanzinnovationen und Derivate als Motor des Wachstums? Die AutorInnen Professor Dr … Dysfunktionen von Finanzmärkten • Der Finanzsektor im 21. Jahrhundert • Finanzmarktinfrastruktur • Zinsen und Anleihen • Forwards …

Floating Rate Instruments and Swaps -- 8 Stocks, Stock Markets and Stock Indices -- Part 2 Futures and Options -- 9 Futures and … (equities, interest and exchange rates, indices, bank loans), most vanilla and exotic derivatives (swaps, futures, options … Forwards -- 10 Options (I): General Description, Parity Relations, Basic Concepts and Valuation Using the Binomial Model -- 11 …

This paper is the first to study the hedging of price risk with uncertain payment dates, a frequent problem in practice …. It derives a variance-minimizing hedging strategy for two settings, the first employing linear contracts with different …