Dear Colleagues,
I would like to let you know about my recent article on energy finance
that might be of interest to you:
V.A. Kholodnyi, "Analytical Valuation of a Full Requirements Contract as a
Real Option by the Method of Eigenclaims", In E. I. Ronn, Editor, Real
Options and Energy Management, Risk Publications, 2003, 635 - 658.
In this article I present a model that allows for a relatively simple
analytical valuation of a full requirements contract viewed as a real
option. This analytical valuation is based on the method and the notion of
eigenclaims that I introduced in my earlier work in 1995.
Sincerely,
Valery Kholodnyi
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