Dependence structure of market states

Energy Scheduling in Power Market under Stochastic Dependence Structure

Since the emergence of power market, the target of power generating utilities has mainly switched from cost minimization to revenue maximization. They dispatch their power energy generation units in the uncertain environment of power market. As a result, multi-stage stochastic programming has been applied widely by many power generating agents as a suitable tool for dealing with self-scheduling...

Banking Market Structure, Financial Dependence and Growth

This paper explores the empirical relevance of banking market structure on growth. There is substantial evidence of a positive relationship between the level of development of the banking sector of an economy and its long-run output growth. Little is known, however, about the role played by the market structure of the banking sector on the dynamics of capital accumulation. This paper provides e...

energy scheduling in power market under stochastic dependence structure

since the emergence of power market, the target of power generating utilities has mainly switched from cost minimization to revenue maximization. they dispatch their power energy generation units in the uncertain environment of power market. as a result, multi-stage stochastic programming has been applied widely by many power generating agents as a suitable tool for dealing with self-scheduling...

Market Mill Dependence Pattern in the Stock Market: Asymmetry Structure, Nonlinear Correlations and Predictability

An empirical study of the bivariate probability distribution characterizing a full set of two consecutive price increments x and y for a group of stocks at time scales ranging from one minute to thirty minutes reveals asymmetric structures with respect to the axes y = 0, y = x, x = 0 and y = −x. All four asymmetry patterns remarkably resemble a four-blade mill called market mill pattern. The fo...

Market Structure and Price Adjustment in the Iranian Tea Market