Browsing NHH Brage by Author "Lund, Arne-Christian"
Now showing items 1-6 of 6
-
Analysing flexible load contracts in the energy market
Lund, Arne-Christian; Ollmar, Fridthjof (Discussion paper, Working paper, 2002-11)In this paper we analyse flexible load contracts (FLC), a type of "swing" option. This contract type has existed in energy markets for a long time and has proved to be challenging to value. The term swing refers to the ... -
Credit spreads and incomplete information
Lindset, Snorre; Lund, Arne-Christian; Persson, Svein-Arne (Discussion paper, Working paper, 2008-03)A new model is presented which produces credit spreads that do not converge to zero for short maturities. Our set-up includes incomplete, i.e., delayed and asymmetric information. When the financial market observes the ... -
Optimal control of a renewable natural resources and the "stochastically induced critical depensation"
Lund, Arne-Christian (Discussion paper, Working paper, 2002-12)This paper focus aspects connected to the optimal control of a renewable resource modelled by a stochastic differential equation. The main point is to show how small changes of the problem may cause severe changes in the ... -
Product development in IT and telecommunications information acquisition strategies
Lund, Arne-Christian; Mæland, Jøril (Working paper, Working paper, 2007-10)Investment projects within information technology and telecommunication industries face high uncertainty with respect to future cash flows, especially due to technological innovations and changing markets. Competition among ... -
Samfunnsøkonomisk lønnsomhet av timemåling og toveiskommunikasjon
Andersen, Christian; Lund, Arne-Christian (Arbeidsnotat, Working paper, 2005-11)Arbeidsnotatet inneholder en gjennomgang av nytte- og kostnadskomponenter som har vært trukket frem i forskjellige analyser av innføring av timemåling og toveiskommunikasjon i kraftmarkedet. Enkelte effekter diskuteres ... -
Understanding the stochastics of nodal prices : price processes in a constrained network
Lund, Arne-Christian; Rud, Linda (Working paper, Working paper, 2004-11)Network congestion in competitive electricity markets may be managed by geographically differentiated nodal prices. The stochastics of an unconstrained equilibrium price reflect the underlying fundamentals of demand and ...