The German market has seen a plunge in wholesale electricity prices from 2007 until 2014, when base futures prices dropped by more than 40 percent. In this paper we determine the fundamental components of electricity futures prices and quantify their impact on the price drop as well as on...

The German market has seen a plunge in wholesale electricity prices from 2007 until 2014, when base futures prices dropped by more than 40 percent. In this paper we determine the fundamental components of electricity futures prices and quantify their impact on the price drop as well as on...

In this paper we deal with fusion functions, i.e., mappings from [0, 1]n into [0, 1]. As a generalization of the standard monotonicity and recently introduced weak monotonicity, we introduce and study the directional monotonicity of fusion functions. For distinguished fusion functions the sets...