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Quantitative And Empirical Analysis Of Energy Markets
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Book Synopsis Quantitative and Empirical Analysis of Energy Markets by : Apostolos Serletis
Download or read book Quantitative and Empirical Analysis of Energy Markets written by Apostolos Serletis and published by World Scientific. This book was released on 2007 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bringing together leading-edge research and innovative energy markets econometrics, this book collects the authorOCOs most important recent contributions in energy economics. In particular, the book: . OCo applies recent advances in the field of applied econometrics to investigate a number of issues regarding energy markets, including the theory of storage and the efficient markets hypothesis. OCo presents the basic stylized facts on energy price movements using correlation analysis, causality tests, integration theory, cointegration theory, as well as recently developed procedures for testing for shared and codependent cycles. OCo uses recent advances in the financial econometrics literature to model time-varying returns and volatility in energy prices and to test for causal relationships between energy prices and their volatilities. OCo explores the functioning of electricity markets and applies conventional models of time series analysis to investigate a number of issues regarding wholesale power prices in the western North American markets. OCo applies tools from statistics and dynamical systems theory to test for nonlinear dynamics and deterministic chaos in a number of North American hydrocarbon markets (those of ethane, propane, normal butane, iso-butane, naptha, crude oil, and natural gas)."
Book Synopsis Quantitative and Empirical Analysis of Energy Markets by :
Download or read book Quantitative and Empirical Analysis of Energy Markets written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Quantitative Energy Finance by : Fred Espen Benth
Download or read book Quantitative Energy Finance written by Fred Espen Benth and published by Springer Science & Business Media. This book was released on 2013-08-28 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance and energy markets have been an active scientific field for some time, even though the development and applications of sophisticated quantitative methods in these areas are relatively new—and referred to in a broader context as energy finance. Energy finance is often viewed as a branch of mathematical finance, yet this area continues to provide a rich source of issues that are fuelling new and exciting research developments. Based on a special thematic year at the Wolfgang Pauli Institute (WPI) in Vienna, Austria, this edited collection features cutting-edge research from leading scientists in the fields of energy and commodity finance. Topics discussed include modeling and analysis of energy and commodity markets, derivatives hedging and pricing, and optimal investment strategies and modeling of emerging markets, such as power and emissions. The book also confronts the challenges one faces in energy markets from a quantitative point of view, as well as the recent advances in solving these problems using advanced mathematical, statistical and numerical methods. By addressing the emerging area of quantitative energy finance, this volume will serve as a valuable resource for graduate-level students and researchers studying financial mathematics, risk management, or energy finance.
Book Synopsis The Interrelationship Between Financial and Energy Markets by : Sofia Ramos
Download or read book The Interrelationship Between Financial and Energy Markets written by Sofia Ramos and published by Springer. This book was released on 2014-08-09 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade, energy markets have developed substantially due to the growing activity of financial investors. One consequence of this massive presence of investors is a stronger link between the hitherto segmented energy and financial markets. This book addresses some of the recent developments in the interrelationship between financial and energy markets. It aims to further the understanding of the rich interplay between financial and energy markets by presenting several empirical studies that illustrate and discuss some of the main issues on this agenda.
Book Synopsis Optimization Methods for Gas and Power Markets by : Enrico Edoli
Download or read book Optimization Methods for Gas and Power Markets written by Enrico Edoli and published by Springer. This book was released on 2016-04-30 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: As power and gas markets are becoming more and more mature and globally competitive, the importance of reaching maximum potential economic efficiency is fundamental in all the sectors of the value chain, from investments selection to asset optimization, trading and sales. Optimization techniques can be used in many different fields of the energy industry, in order to reduce production and financial costs, increase sales revenues and mitigate all kinds of risks potentially affecting the economic margin. For this reason the industry has now focused its attention on the general concept of optimization and to the different techniques (mainly mathematical techniques) to reach it. Optimization Methods for Gas and Power Markets presents both theoretical elements and practical examples for solving energy optimization issues in gas and power markets. Starting with the theoretical framework and the basic business and economics of power and gas optimization, it quickly moves on to review the mathematical optimization problems inherent to the industry, and their solutions – all supported with examples from the energy sector. Coverage ranges from very long-term (and capital intensive) optimization problems such as investment valuation/diversification to asset (gas and power) optimization/hedging problems, and pure trading decisions. This book first presents the readers with various examples of optimization problems arising in power and gas markets, then deals with general optimization problems and describes the mathematical tools useful for their solution. The remainder of the book is dedicated to presenting a number of key business cases which apply the proposed techniques to concrete market problems. Topics include static asset optimization, real option evaluation, dynamic optimization of structured products like swing, virtual storage or virtual power plant contracts and optimal trading in intra-day power markets. As the book progresses, so too does the level of mathematical complexity, providing readers with an appreciation of the growing sophistication of even common problems in current market practice. Optimization Methods for Gas and Power Markets provides a valuable quantitative guide to the technicalities of optimization methodologies in gas and power markets; it is essential reading for practitioners in the energy industry and financial sector who work in trading, quantitative analysis and energy risk modeling.
Book Synopsis Handbook Of Energy Finance: Theories, Practices And Simulations by : Stephane Goutte
Download or read book Handbook Of Energy Finance: Theories, Practices And Simulations written by Stephane Goutte and published by World Scientific. This book was released on 2020-01-30 with total page 827 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modeling the dynamics of energy markets has become a challenging task. The intensification of their financialization since 2004 had made them more complex but also more integrated with other tradable asset classes. More importantly, their large and frequent fluctuations in terms of both prices and volatility, particularly in the aftermath of the global financial crisis 2008-2009, posit difficulties for modeling and forecasting energy price behavior and are primary sources of concerns for macroeconomic stability and general economic performance.This handbook aims to advance the debate on the theories and practices of quantitative energy finance while shedding light on innovative results and technical methods applied to energy markets. Its primary focus is on the recent development and applications of mathematical and quantitative approaches for a better understanding of the stochastic processes that drive energy market movements. The handbook is designed for not only graduate students and researchers but also practitioners and policymakers.
Book Synopsis Quantitative Energy Finance by : Fred Espen Benth
Download or read book Quantitative Energy Finance written by Fred Espen Benth and published by Springer. This book was released on 2024-03-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Power markets are undergoing a major transformation from gas and oil-fueled generation toward renewable electricity production from wind and solar sources. Simultaneously, there is an increasing demand for electrification, coupled with long-term climate-induced weather changes. The uncertainties confronting energy market participants require sophisticated modelling techniques to effectively understand risk, many of which are covered in this book. Comprising invited papers by high-profile researchers, this volume examines the empirical aspects of forward and futures prices, uncovering patterns of noise factors in various European electricity markets. Additionally, it delves into the recent, influential classes of Hawkes and trawl processes, emphasizing their significance in energy markets. The impact of renewables on energy market prices is a pivotal concern for both producers and consumers. Mean-field games provide a powerful mathematical framework for this, and a dedicated chapter outlining their dynamics is included in the book. The book also explores structural financial products and their connection to climate risk as a risk management tool, underscoring the essential need for a comprehensive understanding of these products in the realm of "green finance," to which the energy industry is integral. Lastly, the book thoroughly analyzes spatial smoothing and power purchase (PPA) contracts, addressing central issues in energy system planning and financial operations. Tailored for researchers, PhD students, and industry energy analysts, this volume equips readers with insights and tools to navigate the constantly evolving energy market landscape. It serves as a sequel to the earlier Quantitative Energy Finance book, featuring all-new chapters.
Book Synopsis Energy and Economic Theory by : Ferdinand E Banks
Download or read book Energy and Economic Theory written by Ferdinand E Banks and published by World Scientific Publishing Company. This book was released on 2015-02-11 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an up-to-date primer covering the most important subjects in energy economics, with particular attention paid to oil, natural gas, and nuclear energy, and without an excessive amount of mathematics. The first three survey chapters constitute an introductory (and mostly non-technical) short course in modern energy economics. Most of the technical analysis is taken up in the following four chapters, while the last chapter is a completely non-technical summation that can be read independent of the rest of the book. Written in a user-friendly tone, it is suitable as a textbook for undergraduate and/or graduate students, but most of the book should be accessible to anyone with a serious interest in energy economics. Request Inspection Copy
Download or read book Bridges Over Water written by Ariel Dinar and published by World Scientific Publishing Company. This book was released on 2013-02-21 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridges over Water places the study of transboundary water conflicts, negotiation, and cooperation in the context of various disciplines, such as international relations, international law, international negotiations, and economics. It demonstrates their application, using various quantitative approaches, such as river basin modeling, quantitative negotiation theory, and game theory. Case-studies of particular transboundary river basins, lakes, and aquifers are also considered. This second edition updates the literature on international water and in-depth analyses on political developments and cooperation between riparian states. With an appended chapter on principles and practices of negotiation, and a new case study on the La Plata Basin, this edition is a timely update to the field of transboundary water studies.
Book Synopsis Progress in Clean Energy, Volume 2 by : Ibrahim Dincer
Download or read book Progress in Clean Energy, Volume 2 written by Ibrahim Dincer and published by Springer. This book was released on 2015-10-28 with total page 1184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This expansive reference provides readers with the broadest available single-volume coverage of leading-edge advances in the development and optimization of clean energy technologies. From innovative biofuel feed stocks and processing techniques, to novel solar materials with record-breaking efficiencies, remote-sensing for offshore wind turbines to breakthroughs in high performance PEM fuel cell electrode manufacturing, phase change materials in green buildings to bio sorption of pharmaceutical pollutants, the myriad exciting developments in green technology described in this book will provide inspiration and information to researchers, engineers and students working in sustainability around the world.
Book Synopsis Commodity Option Pricing by : Iain J. Clark
Download or read book Commodity Option Pricing written by Iain J. Clark and published by John Wiley & Sons. This book was released on 2014-04-21 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity Option Pricing: A Practitioner’s Guide covers commodity option pricing for quantitative analysts, traders or structurers in banks, hedge funds and commodity trading companies. Based on the author’s industry experience with commodity derivatives, this book provides a thorough and mathematical introduction to the various market conventions and models used in commodity option pricing. It introduces the various derivative products typically traded for commodities and describes how these models can be calibrated and used for pricing and risk management. This book has been developed with input from traders and features examples using real-world data, together with relevant up-to-date academic research. This book includes practical descriptions of market conventions and quote codes used in commodity markets alongside typical products seen in broker quotes and used in calibration. Also discussed are commodity models and their mathematical derivation and volatility surface modelling for traded commodity derivatives. Gold, silver and other precious metals are addressed, including gold forward and gold lease rates, as well as copper, aluminium and other base metals, crude oil and natural gas, refined energy and electricity. There are also sections on the products encountered in commodities such as crack spread and spark spread options and alternative commodities such as carbon emissions, weather derivatives, bandwidth and telecommunications trading, plastics and freight. Commodity Option Pricing is ideal for anyone working in commodities or aiming to make the transition into the area, as well as academics needing to familiarize themselves with the industry conventions of the commodity markets.
Book Synopsis Stochastic Modelling of Electricity and Related Markets by : Fred Espen Benth
Download or read book Stochastic Modelling of Electricity and Related Markets written by Fred Espen Benth and published by World Scientific. This book was released on 2008 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The markets for electricity, gas and temperature have distinctive features, which provide the focus for countless studies. For instance, electricity and gas prices may soar several magnitudes above their normal levels within a short time due to imbalances in supply and demand, yielding what is known as spikes in the spot prices. The markets are also largely influenced by seasons, since power demand for heating and cooling varies over the year. The incompleteness of the markets, due to nonstorability of electricity and temperature as well as limited storage capacity of gas, makes spot-forward hedging impossible. Moreover, futures contracts are typically settled over a time period rather than at a fixed date. All these aspects of the markets create new challenges when analyzing price dynamics of spot, futures and other derivatives. This book provides a concise and rigorous treatment on the stochastic modeling of energy markets. OrnsteinOCoUhlenbeck processes are described as the basic modeling tool for spot price dynamics, where innovations are driven by time-inhomogeneous jump processes. Temperature futures are studied based on a continuous higher-order autoregressive model for the temperature dynamics. The theory presented here pays special attention to the seasonality of volatility and the Samuelson effect. Empirical studies using data from electricity, temperature and gas markets are given to link theory to practice. Sample Chapter(s). A Survey of Electricity and Related Markets (331 KB). Contents: A Survey of Electricity and Related Markets; Stochastic Analysis for Independent Increment Processes; Stochastic Models for the Energy Spot Price Dynamics; Pricing of Forwards and Swaps Based on the Spot Price; Applications to the Gas Markets; Modeling Forwards and Swaps Using the HeathOCoJarrowOCoMorton Approach; Constructing Smooth Forward Curves in Electricity Markets; Modeling of the Electricity Futures Market; Pricing and Hedging of Energy Options; Analysis of Temperature Derivatives. Readership: Researchers in energy and commodity markets, and mathematical finance.
Book Synopsis Energy Conservation in East Asia by : Elspeth Thomson
Download or read book Energy Conservation in East Asia written by Elspeth Thomson and published by World Scientific. This book was released on 2011 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: As East and Southeast Asia continue to modernize and urbanize, their demand for energy will soar. Besides seeking to import fossil fuels from the Middle East, Africa, the Caspian Region, Russia, Latin America, Australia, etc., it is imperative for these Asian countries to cooperate in substantially raising the efficiency with which energy is consumed. This book offers a comprehensive examination of East and Southeast Asia's energy conservation policies. It begins with a summary of the current and projected energy supply and demand patterns in the region, and a discussion about the need and basis for cooperation in energy conservation. This is followed by an examination of the energy conservation policies and progress to date in seven ASEAN countries and in China, Japan and Korea.
Book Synopsis Quantitative Energy Finance by : Fred Espen Benth
Download or read book Quantitative Energy Finance written by Fred Espen Benth and published by Springer Nature. This book was released on with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Poverty Reduction Strategies in Africa by : Mike O. Odey
Download or read book Poverty Reduction Strategies in Africa written by Mike O. Odey and published by Routledge. This book was released on 2017-09-08 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fundamental question about contemporary Africa is why does Africa remain so poor, long after the departure of the European Colonial domination and in the midst of so many natural resources? Poverty Reduction Strategies in Africa provides new understandings of the persistent issue of poverty in Sub-Saharan Africa and makes recommendations for policy frameworks to help African governments alleviate poverty. Each chapters uses case studies to review the old strategies for resolving the problem of poverty in the continent and make the case for new initiatives to address poverty. The contributors focus on practical and day-to-day issues as the best approach to formulate and implement poverty reduction strategies in contemporary Africa. This book is invaluable reading for students and scholars of African politics and development.
Book Synopsis Stochastic Modeling Of Electricity And Related Markets by : Fred Espen Benth
Download or read book Stochastic Modeling Of Electricity And Related Markets written by Fred Espen Benth and published by World Scientific. This book was released on 2008-04-14 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The markets for electricity, gas and temperature have distinctive features, which provide the focus for countless studies. For instance, electricity and gas prices may soar several magnitudes above their normal levels within a short time due to imbalances in supply and demand, yielding what is known as spikes in the spot prices. The markets are also largely influenced by seasons, since power demand for heating and cooling varies over the year. The incompleteness of the markets, due to nonstorability of electricity and temperature as well as limited storage capacity of gas, makes spot-forward hedging impossible. Moreover, futures contracts are typically settled over a time period rather than at a fixed date. All these aspects of the markets create new challenges when analyzing price dynamics of spot, futures and other derivatives.This book provides a concise and rigorous treatment on the stochastic modeling of energy markets. Ornstein-Uhlenbeck processes are described as the basic modeling tool for spot price dynamics, where innovations are driven by time-inhomogeneous jump processes. Temperature futures are studied based on a continuous higher-order autoregressive model for the temperature dynamics. The theory presented here pays special attention to the seasonality of volatility and the Samuelson effect. Empirical studies using data from electricity, temperature and gas markets are given to link theory to practice.
Book Synopsis Quantitative Methods for Electricity Trading and Risk Management by : S. Fiorenzani
Download or read book Quantitative Methods for Electricity Trading and Risk Management written by S. Fiorenzani and published by Springer. This book was released on 2006-01-31 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents practical Risk Management and Trading applications for the Electricity Markets. Various methodologies developed over the last few years are considered and current literature is reviewed. The book emphasizes the relationship between trading, hedging and generation asset management.
