Electricity prices are known to be very volatile and subject to frequent jumps due to system breakdown, demand shocks, and inelastic supply. As many international electricity markets are in some state of deregulation, more and more participants in these markets are exposed to these stylised...

In this paper we construct a repeat sales index for residential property in the Netherlands. The index shows the tendency of the Dutch housing market between May 1973 and December 1995. Subsequently, the repeat sales index is utilized as input for investment decisions of homeowners. We...