Energy Price Risk was inspired by the success of the courses Tom James has been running in global energy and … commodities trading and price risk management. It is the practitioner's guide to optimizing company performance using the correct … price risk strategies and tools. Based on the author's extensive experience in the commodity derivatives industry, it …

derivative markets. We propose that the market is incomplete and postulate the existence of intrinsic risks in every contingent … intrinsic risk and the theory of change of measures to derive a probability measure, namely risk-subjective measure, for … evaluating contingent claims. This paper is a modest attempt to prove that measure of intrinsic risk is a crucial ingredient for …

I use index prices and options to estimate the pricing kernel's elasticity, which equals the market price of risk. I …