The Econometrics of Energy Systems
Editors : Régis Bourbonnais, Jacques Girod,
Jan Horst Keppler
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Twenty years of liberalization have transformed the energy sector. The
old energy world of long-term contracts and personal contacts has changed
beyond recognition into a set of highly competitive markets with instantaneous
decision-making much like the financial sector.
Decentralized decision-making by multiple actors creates the necessary
environment for applying econometric techniques.
More importantly, the complexity and volatility of these new markets create
strong demand for quantitative analysis and, in particular, econometric
techniques.
Written jointly by energy economists and econometricians, this books offers an introduction to the state of the art in
econometric modelling applied to the most pertinent issues in today's energy
markets.