This paper investigates the relationship between intermittent wind power generation and electricity price behaviour in Germany. Using a GARCH model, I evaluate the effect of wind electricity generation on the level and the volatility of the electricity price in an integrated approach. The...

This paper is concerned with the statistical behavior of oil prices in two ways. It, firstly, applies a combined jump GARCH model in order to characterize the behavior of daily, weekly as well as monthly oil prices. Secondly, it relates its empirical results to implications of Hotelling-type...