## Nabar prices, therefore, reflect equilibrium risk premiums. The bulk of the previous empirical studies that have attempted to gain insights into the determinants of the risk premiums in futures markets have applied methodologies built upon the equilibrium asset pricing models to both financial
โฆ LIBER โฆ
An empirical examination of restructured electricity prices
โ Scribed by Christopher R. Knittel; Michael R. Roberts
- Book ID
- 108120849
- Publisher
- Elsevier Science
- Year
- 2005
- Tongue
- English
- Weight
- 375 KB
- Volume
- 27
- Category
- Article
- ISSN
- 0140-9883
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T composite stock index futures prices to associated normative prices as specified by an arbitrage argument while controlling for significant market imperfections. This research contrasts with earlier empirical works in several ways. First, the arbitrage argument is maintained despite the assumption