Risk management in cross-border electricity markets in Europe [Elektronische Ressource] : analysis and valuation of derivative instruments / vorgelegt von Jan Marckhoff

RiskManagement inCross-BorderElectricityMarkets inEurope-Analysis andValuationof Derivative InstrumentsJan Marckho⁄February 7, 2010     Dissertation zur Erlangung des Grades eines Doktors durch die Fakultät der Sozial‐ und Wirtschaftswissenschaften der Otto‐Friedrich‐Universität Bamberg   Vorgelegt von: JAN MARCKHOFF                  Erstprüfer:  Prof. Dr. Matthias Muck, Otto‐Friedrich‐Universität Bamberg Zweitprüfer:  Prof. Dr. Andreas Oehler, Otto‐Friedrich‐ Bamberg  Tag der mündlichen Prüfung: 7. Juni 2010 AcknowledgementsI owe much gratitude to my supervisor Matthias Muck for his excellentguidance throughout the dissertation. I greatly bene?ted from his fruitfuladvice and insightful comments during countless discussions. Without hissupport and enduring patience, this work could not have been realized. IwouldalsoliketothankAndreasOehlerwhokindlyagreedtobepartofmydissertation committee and provided valuable comments and suggestions.My work has mostly bene ted from productive and fruitful discussions atthe University of Bamberg especially with my colleagues from the chair of?nancial controlling. In particular I would like to thank Sebastian Paik,ThomasVolmerandFrankMirsbergerforcontinuousdiscussionsandshar-ing their ideas. In addition, they created a highly pleasant work environ-ment and made the University of Bamberg a great place to work.