The UK has been at the forefront of the liberalisation of energy industries, privatising and then, over more than two decades, progressively ceding energy policy to market forces. Drawing a parallel between the effect of liberalisation on energy markets with the effect of liberalisation on...

Set in the context of the dramatic increases in the price of gas which UK gas consumers have had to endure since 2003, this book explores how it is that UK gas industry liberalisation, which once promised ever lower prices, is now being undercut by the much less liberal continental European...

Extreme Value Theory (EVT) methods are used to investigate the asymptotic distribution of the lower tail for daily returns in the Athens Stock Exchange (ASE) over the period 1986 to 2001. Overall, the Generalised Logistic (GL) distribution is found to provide adequate descriptions of the...

This paper seeks to characterize the distribution of extreme returns for US, UK and Japanese equity indices over the years 1963–2000. In particular, the suitability of the following distributions is investigated: Normal, Frechet, Gumbel, Weibull, Generalized Extreme Value (GEV), Generalized...

This paper seeks to characterise the distribution of extreme returns for a UK share index over the years 1975 to 2000. In particular, the suitability of the following distributions is investigated: Gumbel, Frechet, Weibull, Generalised Extreme Value, Generalised Pareto, Log-Normal and...