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- W3173757827 abstract "An economic laboratory experiment is used to test the validity of Bessembinder and Lemmon's (2002) seminal risk premium theory. The theory predicts that forward premia in electricity markets are determined by the statistical properties of demand. The existing empirical evidence is mixed, possibly as a result of the lack of observability of key variables. Specifically, the experiment tests if an increase in the variance of demand makes the forward premia more negative for specific parameters and implementation details. The experimental results corroborate the theoretical predictions." @default.
- W3173757827 created "2021-07-05" @default.
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- W3173757827 date "2020-01-01" @default.
- W3173757827 modified "2023-09-23" @default.
- W3173757827 title "The Forward Premium in Electricity Markets: An Experimental Study" @default.
- W3173757827 doi "https://doi.org/10.2139/ssrn.3619487" @default.
- W3173757827 hasPublicationYear "2020" @default.
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