Sjur Westgaard has an MSc and Phd of Industrial Economics from Norwegian University of Science and Technology and an MSc of Finance from Norwegian School of Business and Economics. He has worked as an investment portfolio manager for an insurance company, a project manager for a consultant company and as a credit analyst for an international bank. He is now a Professor at the Norwegian University of Life Sciences and Norwegian University of Science and Technology. His teaching involves managerial economics, financial accounting, corporate finance, derivatives and real options, empirical finance and financial risk management. His main research interests are within risk modeling of commodity markets. He is one of the founders and editors of the Journal of Commodity Markets. He is also a co-editor of The Journal of Energy Markets and the Journal of Banking and Finance.
This paper proposes and investigates a valuation model for the income of selling tradeable green certificates in the Swedish–Norwegian market, formulated as a singular stochastic control problem.
This paper looks at the time-varying relation between electricity futures prices and fundamentals.