Working Papers: Recent submissions

Now showing items 190-192 of 334

    • Oil futures prices in a production economy with investment constraints 

      Kogan, Leonid; Livdan, Dmitry; Yaron, Amir (MIT Center for Energy and Environmental Policy Research, 2008)
      We document a new stylized fact regarding the term structure of futures volatility. We show that the relationship between the volatility of futures prices and the slope of the term structure of prices is non-monotone and ...

    • The European carbon market in action : the first trading period, Interim report 

      Convery, Frank J.; Perthuis, Christian de; Ellerman, A. Denny (MIT Center for Energy and Environmental Policy Research, 2008)
      The European Union Emissions Trading Scheme (EU ETS) is the largest greenhouse gas market ever established. The European Union is leading the world's first effort to mobilize market forces to tackle climate change. A precise ...

    • Market power and electricity market reform in Northeast China 

      Zhang, Xiaochun; Parsons, John E. (MIT Center for Energy and Environmental Policy Research, 2008)
      The Northeast region of China has been used as a testing ground for creation of a functioning wholesale electric power market. We describe the ownership structure of the generation assets for those plants participating in ...