Browsing Working Papers by Author "Zachmann, Georg"
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First evidence of asymmetric cost pass-through of Eu emissions allowances : examining wholesale electricity prices in Germany
Zachmann, Georg; Hirschhausen, Christian von (MIT Center for Energy and Environmental Policy Research, 2007)This paper applies the literature on asymmetric price transmission to the emerging commodity market for EU emissions allowances (EUA). We utilize an error correction model and an autoregressive distributed lag model to ...