BackBrowsing Ikerlanak by Subject "FINANCIAL ECONOMICS"
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Consumption and portfolio rules whit stochastic hyperbolic discounting
(Departamento de Fundamentos del Análisis Económico I, 2013-09)We extend the classic Merton (1969, 1971) problem that investigates the joint consumption-savings and portfolio-selection problem under capital risk by assuming sophisticated but time-inconsistent agents. We introduce ... -
Income risk of EU coal-fired power plants after Kyoto
Abadie, Luis María; Chamorro Gómez, José Manuel
(2008-10)
Coal-fired power plants may enjoy a significant advantage relative to gas plants in terms of cheaper fuel cost. Still, this advantage may erode or even turn into disadvantage depending on CO2 emission allowance price. This ... -
Monte Carlo Valuation of natural gas investments
Abadie, Luis María; Chamorro Gómez, José Manuel (2006-07)
This paper deals with the valuation of energy assets related to natural gas. In particular, we evaluate a baseload Natural Gas Combined Cycle (NGCC) power plant and an ancillary instalation, namely a Liquefied Natural Gas ... -
Valoración de la garantía de los planes de pensiones en España
Chamorro Gómez, José Manuel (2004-09)
Algunas reformas de la Seguridad Social animan u obligan a los individuos a pasar desde un sistema de pensiones con prestación definida gestionado públicamente a otro de aportación definida gestionado privadamente. Con ... -
Valuing Flexibility: The case of an Integrated Gasification Combined Cycle Power Plant
Abadie, Luis María; Chamorro Gómez, José Manuel (2005-10)
In this paper we analyze the valuation of options stemming from the flexibility in an Integrated Gasification Combined Cycle (IGCC) Power Plant. First we use as a base case the opportunity to invest in a Natural Gas Combined ...