This Selected Issues paper discusses the economics of energy price reform in the Islamic Republic of Iran. Economic policies in Iran have traditionally relied on the abundant availability of energy at a low price to finance the country’s economic development. Low domestic energy prices...

The increasing uncertainty surrounding the electricity generating sector has implications on the forecasting accuracy and makes sensitivity analysis an essential tool for electricity power planning. The fuel price volatility and the emissions trading schemes represent major sources of...

The increasing uncertainty surrounding the electricity generating sector has implications on the forecasting accuracy and makes sensitivity analysis an essential tool for electricity power planning. The fuel price volatility and the emissions trading schemes represent major sources of...

To power national development, the government organized electricity production and distribution as a state-owned vertically integrated utility, structured and operated under central planning. Electricity was supplied on the basis of political priority instead of cost, and the single party...

Using the portfolio theory we have investigated how portfolio investor and controlling shareholder appraise investment decisions on the on the distribution of investment resources among strategic business units in a business group. In order to apply the existing portfolio theory for the...

Many companies in the cross section of telecommunication and mobile technology engage in R&D collaborations to manage uncertainty, create synergies and learn. While the challenges of managing individual collaborations are well documented, little is known on how to systematically manage several...

Real options present advantages over the standard discounting methods. In this paper we analyze them briefly and examine their potential applications on information security. The applications of real options on valuation of information assets, information security investment and capital...

The portfolio theory and the basic ideas of Markowitz can be applied to currency investments as well as to classical asset classes as shares or bonds. The question whether currency investments can be treated as efficient asset classes is not finally answered in theory and practice. This article...

In this paper we analyze the reliability of Euribor after the beginning of the financialcrisis. We purpose three theories about the incentives by banks to manipulatethis benchmark rate to gain illegal profits: trading, portfolio and reputationaltheory. According to us, the main problem that...