Showing 1 - 10 of 69
This paper investigates whether stock-price indices of seventeen emerging markets can be characterized as random walk (unit root) or mean reversion processes.
Persistent link: https://www.econbiz.de/10005775638
We examine the hypothesis that dividend taxes are capitalized into share prices by focusing on investors= implicit valuations of retained earnings versus paid-in equity. Retained earnings are distributable as taxable dividends, whereas paid-in equity is distributable as a tax-free return of...
Persistent link: https://www.econbiz.de/10005776739
Stock prices in emerging economies move in step much more than in advanced economies. Emerging markets' prices capitalize less firm specific information, and appear subject to more economy-wide fluctuations. Measures of this consonance of stock returns are positively correlated with indicators...
Persistent link: https://www.econbiz.de/10005734384
In this paper we test for deterministic chaos(i.e., nonlinear deterministic processes which look random) in seven Mont Belview, Texas hydrocarbon markets, using monthly data from 1985:1 to 1996:12 -- the markets are those of ethane, propane, normal butane, iso-butane, naphta, crude oil, and...
Persistent link: https://www.econbiz.de/10005671804
This paper presents the results of a survey and analysis ofelectricity tariffs and marginal electricity prices for … commercialbuildings. The tariff data come from a survey of 90 utilities and 250tariffs for non-residential customers collected in 2004 as …
Persistent link: https://www.econbiz.de/10009435538
utility commissions (PUC) and utilities have considered implementing dynamic pricing tariffs, such as real-time pricing (RTP … is appropriate for utilities to offer a range of dynamic pricing tariffs and DR programs, or just ''plain vanilla … tariffs, three basic implementation issues require attention. First, should it be a default or optional tariff, and for which …
Persistent link: https://www.econbiz.de/10009435658
-running default-service RTP tariff implemented in the context of retail competition. The mix of NMPC's large customers exposed to day …
Persistent link: https://www.econbiz.de/10009435765
While more than 70 utilities in the U.S. have offered voluntary RTP tariffs on either a pilot or permanent basis, most … stimulate price responsive demand, we conducted a survey of 43 voluntary RTP tariffs offered in 2003. The survey involved …
Persistent link: https://www.econbiz.de/10009435945
California electric utilities have been exploring the use of dynamic critical peak prices (CPP) and other demand response programs to help reduce peaks in customer electric loads. CPP is a tariff design to promote demand response. Levels of automation in DR can be defined as follows: Manual...
Persistent link: https://www.econbiz.de/10009436026
There is growing interest in policies, programs and tariffs that encourage customer loads to provide demand response … tariffs as the default service for some or all customer groups to reinstituting utility-sponsored load management programs … and are paid an equivalent value. The resulting load reductions from these tariffs and programs provide a variety of …
Persistent link: https://www.econbiz.de/10009436322