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Springer Stochastic Models for Energy and Commodity Markets

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£90.63 £86.10 £87.91 £89.72 £91.54 £93.35 £95.16 25 July 2026 31 July 2026 07 August 2026 14 August 2026 21 August 2026
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Description

This Springer Finance monograph provides a specialized theory for random field models in time and space. By viewing these as stochastic processes with values in a Hilbert space, the book offers a method to model the stochastic dynamics of forward and futures prices within energy, power, and commodity markets. The text adopts and extends the well-known Heath-Jarrow-Morton approach from interest rate theory into an infinite-dimensional framework. This approach allows for flexible modeling of price stochasticity across time and along the term structure curve. Readers will find various models introduced based on stochastic partial differential equations with infinite-dimensional perspectives, making it a technical resource for those studying price dynamics in complex energy markets.

Key Features

This Springer Finance monograph presents a theory for random field models in time and space.

The book uses stochastic processes with values in a Hilbert space to model price dynamics.

It extends the Heath-Jarrow-Morton approach into an infinite-dimensional framework.

The text provides flexible modeling of price stochasticity across time and the term structure curve.

Various models are introduced based on stochastic partial differential equations.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
17 November 2023
Listed Since
01 July 2023

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No barcode data available

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