Models used for natural resources prices usually preclude the possibility of large changes (jumps) resulting from discrete, unexpected events. To test for the presence of jumps and ARCH effects, we propose to use bounds and bootstrap test techniques, thus solving the unidentified nuisance...

With deregulation in the electric power industry, traditionalapproaches for minimizing production costs have become unfit forthe present competitive environment. Owners of generationassets must now consider price uncertainty in solving unitcommitment problems for scheduling and operating their...