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Two-Way Trade in Green Electrons: Deep Decarbonization of the Northeastern U.S. and the Role of Canadian Hydropower with Emil Dimanchev and Joshua Hodge. Center for Energy and Environmental Policy Research Working Paper #2020-003, February 2020. |
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The Climate and Economic Rationale for Investment in Life Extension of Spanish
Nuclear Plants with Anthony Fratto Oyler. Center for Energy and Environmental Policy Research Working Paper #18-006, November 2018. |
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The Future of Nuclear Energy in a Carbon-Constrained World – an Interdisciplinary
MIT Study Co-Chaired with Jacopo Buongiorno, Michael Corradini and David Petti. September 2018. |
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The Fundamentals Underlying Oil and Natural Gas Derivative Markets
. Annual Review of Financial Economics 9, December 2016. |
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Why is Spot Carbon so Cheap and Future Carbon so Dear? The Term Structure of Carbon Prices
. with Don Bredin. Energy Journal 37(3), 2016. |
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The Future of Solar Energy – an Interdisciplinary MIT Study Chaired by Richard Schmalensee and Vladimir Bulovic, June 2015. |
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The Impact of Uncertainty on the Need and Design of Capacity Remuneration Mechanisms in Low-Carbon Power Systems. with Fernando de Sisternes. Center for Energy and Environmental Policy Research Working Paper #16-004, February 2016. |
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Financial Arbitrage and Efficient Dispatch
in Wholesale Electricity Markets with Cathleen Colbert, Jeremy Larrieu, Taylor Martin and Erin Mastrangelo. Center for Energy and Environmental Policy Research Working Paper #15-002, February 2015. |
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Do Trading and Power Operations Mix? Journal of Applied Corporate Finance 25(4), Fall 2013 |
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Where Are We in the Reform of OTC Derivatives Markets in An Unfinished Mission: Making Wall Street Work for Us, A Report by Americans for Financial Reform & the Roosevelt Institute, November 2013 |
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Margins, Liquidity and the Cost of Hedging with Antonio S. Mello Journal of Applied Corporate Finance25(1), Winter 2013 |
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The Weak Tie Between Natural Gas and Oil Prices with David J. Ramberg Energy Journal, 33(2), 2012 |
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Do Trading and Power Operations Mix? The Case of Constellation Energy Group 2008 Journal of Energy Markets 5(1), Spring 2012. PDF [full case PDF] |
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The Future of Nuclear Power After Fukushima with Paul L. Joskow Economics of Energy and Environmental Policy, 1(2), 2012 |
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A Methodology for Calculating the Levelized Cost of Electricity in Nuclear Power Systems with Fuel Recycling with Guillaume De Roo Energy Economics, 33(5), September 2011 |
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The Future of Natural Gas – an Interdisciplinary MIT Study, Chaired by Ernest J. Moniz, Henry D. Jacoby and Anthony J. M. Meggs April 2011 |
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The Future of the Nuclear Fuel Cycle – an Interdisciplinary MIT Study Chaired by Mujid Kazimi, Ernest J. Moniz and Charles W. Forsberg April 2011 |
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Stocks & Shocks: A Clarification in the Debate Over Price vs. Quantity Controls for Greenhouse Gases with Luca Taschini Center for Energy and Environmental Policy Research Working Paper #11-002, 2011 |
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Capacity Factor Risk at Nuclear Power Plants with Yangbo Du Center for Energy and Environmental Policy Research Working Paper #10-016, November 2010; revised January 2012. |
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Electricity Network Tariff Architectures: A Comparison of Four OECD Countries with Vivek Sakhrani Center for Energy and Environmental Policy Research Working Paper #10-008, July 2010 |
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Black Gold & Fool’s Gold: Speculation in the Oil Futures Market Economia 10(2), Spring 2010 |
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The Economic Future of Nuclear Power with Paul L. Joskow Daedalus 138(4), Fall 2009 |
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Update on the Cost of Nuclear Power with Yangbo Du Center for Energy and Environmental Policy Research Working Paper #09-004, May 2009 PDF, Model.xls |
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Designing a U.S. Market for CO2 with A. Denny Ellerman and Stephan Feilhauer Journal of Applied Corporate Finance 21(1), Winter 2009 |
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Uncertainty in Greenhouse Emissions and Costs of Atmospheric Stabilization with Mort Webster, Sergey Paltsev, John Reilly and Henry Jacoby Joint Program on the Science and Policy of Global Change Report #165, November 2008. |
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Cap-and-Trade: Contributions to the Design of a U.S. Greenhouse Gas Program, Essay #2:“Cost Containment: A Primer,” with Mort Webster, A. Denny Ellerman and Henry Jacoby MIT Center for Energy and Environmental Policy Research, November 2008. |
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Market Power and Electricity Market Reform in Northeast China with Xiochun Zhang Center for Energy and Environmental Policy Research Working Paper #08-001, January 2008. |
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Technologies, Markets and Challenges for Development of the Canadian Oil Sands Industry with Romain Lacombe Center for Energy and Environmental Policy Research Working Paper #07-006, June 2007. |
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Capture-Ready Coal Plants—Options, Technologies And Economics with Mark C. Bohm, Howard J. Herzog, and Ram C. Sekar International Journal of Greenhouse Gas Control 1, (2007): 113–120. |
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Future Carbon Regulations and Current Investments in Alternative Coal-Fired Power Plant Designs with Ram C. Sekar, Howard J. Herzog and Henry D. Jacoby Reprinted in: Energy Policy 35, No. 2 (February 2007): 1064-1074. |
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Using Futures Prices to Filter Short-term Volatility and Recover a Latent, Long-term Price Series for Oil with Miguel Herce and Robert C. Ready Center for Energy and Environmental Policy Research Working Paper #06-005, April 2006. |
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Positions courtes, prix inter-périodes et bancalité. (English: “Shortage, Inter-period Pricing, and Banking”) with A. Denny Ellerman Tendances Carbone, No. 5, July 2006. PDF in French, in English |
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Short Sales, Damages, and Class Certification in 10b-5 Actions with Robert C. Apfel, G. William Schwert and Geoffrey S. Stewart CRA Working Paper, (December 2001). Also: NBER Working Paper No. 8618, (December 2001). Link to Site |
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Hedging and Liquidity with Antonio S. Mello Review of Financial Studies 13, No. 1 (Spring 2000): 127–53. |
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Strategic Hedging with Antonio S. Mello Journal of Applied Corporate Finance 12, No. 3 (Fall 1999): 43–62. |
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Going Public and the Ownership Structure of the Firm with Antonio S. Mello Journal of Financial Economics 49 (1998) Reprinted in: B. Biais and M. Pagano (eds.) Corporate Finance and Banking: a Reader, Oxford: Oxford University Press (2001). |
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Alternative Models of Uncertain Commodity Prices for Use with Modern Asset Pricing Methods with Malcolm P. Baker and E. Scott Mayfield Energy Journal 19, No. 1 (January 1998). |
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A Note on Bankruptcy Costs and the Theory of Oligopoly Canadian Journal of Economics (May 1997). |
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Price Behavior in Electricity Futures: the Story So Far with A. Godlewska and A. Mello Public Utitlities Fortnightly 135, No. 1 (January 1997): 32–35. |
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Flexibility or Hedging with A. Mello and A. Triantis RISK 9, No. 10 (October 1996): 18–19. |
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An Integrated Model of Multinational Flexibility and Financial Hedging with A. Mello and A. Triantis Journal of International Economics 39, Nos. 1/2 (August 1995): 27–52. |
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Hedging a Flow of Commodity Deliveries with Futures: Problems with a Rolling Stack with A. Mello Derivatives Quarterly 1, No. 4 (Summer 1995): 16–1. |
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Rolling the Dice with A. Mello RISK 8, No. 5 (May 1995): 49–50. |
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The Maturity Structure of a Hedge Matters: Lessons from the Metallgesellschaft Debacle with A. Mello Journal of Applied Corporate Finance 8, No. 1 (Spring 1995): 106–120 Reprinted in: R. Schwartz and C. Smith (eds.), Derivatives Handbook: Risk Management and Control, New York: John Wiley (1997) and in: C. Culp and M. Miller (eds.) Corporate Hedging in Theory and Practice, London: RISK Books (1999). |
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Measuring the Agency Cost of Debt with A. Mello Journal of Finance 47 (1992). |
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The Design of Optimal Production Sharing Rules in a Petroleum Exploration Venture with P. Hampson and C. Blitzer Journal of Financial Economics 30 (1991). |
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The Efficient Design of Contracts to Purchase Cogenerated Power with E. Hall Energy Journal 11, No. 2 (April 1990). |
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Commentary to “Implicit Options in Forward Contracts: Empirical Estimates from the Petroleum Market.” Review of Futures Markets, 9, 15-18 (1990). |
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Estimating the Strategic Value of Long-Term Forward Purchase Contracts Using Auction Models Journal of Finance 4, No. 4 (September 1989). |
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The Riddle of the Limited Liability Corporation In D. Lucina and A. Mello (eds.), Privatization: Economic Policy Essays. Lisbon: Verbo (1989). |
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Underpricing of Seasoned Issues with A. Raviv Journal of Financial Economics 14, No. 3 (1985). |
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