This paper appears to be the first empirical investigation of the market for electricity futures. We examine fourteen electricity futures contracts for evidence of maturity effects. We find strong evidence of increasing volatility as contract maturity approaches even when controlling for the...

The average of box-office revenue is dominated by extreme outcomes, with most films earning little and most revenues flowing to a few blockbusters. In this paper the skewness and heavy tails of film returns are formally modelled using skew-Normal and skew-t distributions. Logarithmic skew-Normal...