Major nuclear accidents as recently in Fukushima set nuclear power plant security at the top of the public agenda. Using data of the German Socio-Economic Panel we analyze the effects of the Fukushima accident and a subsequent government decision on nuclear power phase-out on several measures of...

The March 2011 accident at the Fukushima Daiichi nuclear power plant (the “event”) in Japan has had global repercussions. We conduct a detailed event study on German and French power futures' prices and returns and find that price responses for different underlyings are not significantly...