gray-market, gray-market products, brand image, price consciousness, price-quality inference, risk averseness.

Managing electricity market price risk

This paper introduces an application of financial risk management methods to the deregulated electricity markets. A framework for the Monte Carlo performance simulation of a power portfolio is presented. The optimal portfolio selection problem is addressed and a numerical method is implemented. Numerical results of simulation and optimization are presented in the Nordic electricity market. The ...

Market Structure and Price Adjustment in the Iranian Tea Market

The price of market volatility risk

We analyze the volatility risk premium by applying a modified two-pass Fama-MacBeth procedure to the returns of a large cross section of the returns of options on individual equities. Our results provide strong evidence of a volatility risk premium that is increasing in the level of overall market volatility. This risk premium provides compensation for risk stemming both from the characteristic...

Gray Market for Information Technology (IT) Products: Status, Implications, and Strategies to Address the IT Gray Market Threat

Are you using "gray-market" or counterfeit dental products?