Ehud I. Ronn

Ehud I. Ronn

Academic Affiliate

Email: Contact Jeffrey S. Andrien

Phone: (512) 703-4600 VCard View CV


Ehud I. Ronn is a Professor of Finance at the McCombs School of Business, University of Texas at Austin.

Dr. Ronn obtained his B.Sc. and M.Sc. in Economics at the Technion, the Israel Institute of Technology, and his Ph.D. in Finance from Stanford University. He has published articles on investments, interest rate-sensitive instruments and energy derivatives in the academic and practitioner literature. He is the editor of Real Options and Energy Management: Using Options Methodology to Enhance Capital Budgeting Decisions published in 2002 by Risk Books, London.

Prior to joining the University of Texas in July 1988, Dr. Ronn was a faculty member at the University of California, Berkeley, and the University of Chicago. Dr. Ronn was the founding director of the University of Texas at Austin Center for Energy Finance Education and Research over the years 1997 – 2009. In Fall 2011, Dr. Ronn will be a visiting professor finance at Dartmouth College and Fordham Univ.

During 1991 – ‘93, Dr. Ronn served as Vice President, Trading Research Group at Merrill Lynch & Co. From Jan. 2010 to Feb. 2011, Prof. Ronn served as Commodity Market Modeling practice area manager at Morgan Stanley & Co.

From May 1998 to June 2001, Dr. Ronn was a principal of the Law and Economics Consulting Group. From June 2001 to July 2002, Dr. Ronn was appointed Senior Advisor at PA Consulting Group. Since 1993, he has served as consultant to government agencies, an insurance company, investment banks, risk advisory firms and energy-derivative software vendors in the interest-rate and energy-commodity arenas.

In Nov. 2004, Dr. Ronn was selected by Energy Risk to the “Energy Risk Hall of Fame.”


Ph.D., Finance, Stanford University, 1991
M.S., Economics, Technion (Israel), 1978
B.S., Economics, Technion (Israel), 1976

Areas of expertise

Recent news, presentations, and publications

“Intra-Day Risk Premia in European Electricity Forward Markets” (with J. Wimschulte), forthcoming, Journal of Energy Markets, 2009.

“Valuation of a Natural Gas Storage Facility” (with M. Kjaer), forthcoming, Journal of Energy Markets, 2008.

“A Simple Model for Time-Varying Expected Returns on the S&P 500 Index” (with J. Doran and R. Goldberg), forthcoming, Journal of Investment Management.

“The Impact of Large Changes in Asset Prices on Intra-Market Correlations in the Domestic and International Markets” (with A. Sayrak and S. Tompaidis), forthcoming, Financial Review, 2008.

“Computing the Market Price of Volatility Risk in the Energy Commodity Markets” (with J. Doran), Special Issue on Commodities, Journal of Banking and Finance, forthcoming 2008.

“Estimating the Commodity Market Price of Risk for Energy Prices” (with S. Kolos), forthcoming, Energy Economics, 2008.

“The Bias in Black-Scholes/Black Implied Volatility: An Analysis of Equity and Energy Markets” (with J. Doran), Review of Derivatives Research, Volume 8, Issue 3, 2005 (Publication year: 2006).

Review CV for additional publications