___ ___ _______ _______ _____ | | || ___|| | | ______ | |_ | | || ___|| ||______|| | _____/ |___| |__|____| |_______|

Vienna Finance Newsletter vfn-l@fam.tuwien.ac.at

On June 19, 2001, The Vienna Finance Newsletter is celebrating 6 years of being and serving and mailing. Read more about the grounding of its birthday in the posting 'Vienna Finance Newsletter hat Geburtstag' (in German only, sorry) at

http://www.fam.tuwien.ac.at/pipermail/vfn-l/2000q2/000707.html

We are pleased to announce the following 'birthday lecture':

Martin T. Barlow (University of British Columbia)

A diffusion model for electricity spot prices

Tue, June 19, 2001, 16:30-18:00 University of Technology, Wiedner Hauptstr. 8-10/107 Freihaus, green tower, 6th floor, Seminarraum 107

Abstract:

Electricity is now a traded commodity in a number of regions. Starting from a simple supply/demand model for electricity, we obtain a model for spot prices which captures some of the features of real prices, including 'price spikes'. We estimate the parameters in the model for the Alberta and California markets, and compare this model with some others used for spot prices.

Martin T. Barlow (University of British Columbia) http://www.math.ubc.ca/people/faculty/barlow/barlow.html

Your VFN-L administrator will be there, too, hopefully with coffee, some birthday cookies and spikeless electricity.

Yours administratively,

-- Andreas Schamanek vfn-l administrator

--------------------------------------------------------------------- ANDREAS SCHAMANEK schamanek@gmx.net T: +43-1 58801-10555, F: -10598 Admin @ Dept. of Statistics and Decision Support * Univ. of Vienna Admin @ Dept. of Financial and Actuarial Mathematics * TU Vienna