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Renewable energy and energy efficiency in liberalized European electricity markets

โœ Scribed by Wohlgemuth, Norbert

Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
143 KB
Volume
10
Category
Article
ISSN
0961-0405

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Noninformative and informative tests of efficiency in three energy futures markets
โœ Peroni, Emilio; McNown, Robert ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 385 KB ๐Ÿ‘ 2 views

This article presents a critique of tests of market efficiency commonly applied to energy futures markets. Most of this literature fails to deal adequately with the endogeneity, nonstationarity, and cointegration characteristics of spot and futures prices, resulting in tests that are not informative