We use a matching procedure to construct samples of private residential sales in Singapore for January 1995 to May 2010. Though the matching approach is similar to a repeat sales estimator in pairing each sale with the sale of a comparable property, sample sizes are much larger because the matched properties are not constrained to be identical in each period. An advantage of the matching proced...

An increasing number of retail energy markets exhibit price fluctuations and provide home users the opportunity to buy energy at lower than average prices. However, such cost savings are hard to realize in practice because they require human users to observe the price fluctuations and shift their electricity demand to low price periods. We propose to temporarily store energy of low price period...

The contingent claims valuation of physical assets and financial derivatives depends critically on the specification and estimation of the stochastic process that describes the price path. Accurate valuation of claims based on competitive electricity prices has proved problematic, as electricity price data are not well represented by traditional commodity price models of Brownian motion. Observ...

Many countries and U.S. states have implemented rules, policies, and financial incentives to promote renewable energy adoption. Renewable Energy Certificates subsidize investment but their price is subject to market conditions. Uncertainty due to fluctuating certificate prices has allegedly discouraged investment in solar photovoltaic installation. In this paper, I assess the impact of certific...

This paper develops a new hedonic method for constructing a real estate price index that utilizes all transaction price information that encompasses both single-sale and repeat-sale properties. The new method is less prone to specification errors than standard hedonic methods and uses all available data. Like the Case-Shiller repeat-sales method, the new method has the advantage of being comput...

Electricity markets consist of multiple look-ahead and real-time spot markets, across which energy price is generally volatile. Moreover, dispatch and pricing decisions in the real-time markets strongly hinge on the quality of the real-time state estimates, which are formed dynamically in order to delineate real-time information about operation state of the grid. Adversaries can leverage price ...