Blar i Institutt for industriell økonomi og teknologiledelse på forfatter "Walle-Hansen, Thomas Meyer"
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Risk aversion in imperfect natural gas markets
Egging, Ruud; Pichler, Alois; Kalvø, Øyvind Iversen; Walle-Hansen, Thomas Meyer (Journal article; Peer reviewed, 2017)This paper presents a natural gas market equilibrium model that considers uncertainty in shale gas reserve exploration. Risk aversion is modeled using a risk measure known as the Average Value-at-Risk (also referred to as ... -
The effects of risk preferences on investments and trade in the natural gas market
Walle-Hansen, Thomas Meyer; Kalvø, Oyvind Iversen (Master thesis, 2014)In this thesis we have developed and solved a multi-stage stochastic mixed complementarity problem (MCP) for a natural gas market that accounts for market power and risk averse behaviour amongst producers using the risk ...