dc.contributor.author | Taschini, Luca | |
dc.contributor.author | Grüll, Georg | |
dc.date.accessioned | 2010-02-11T18:01:17Z | |
dc.date.available | 2010-02-11T18:01:17Z | |
dc.date.issued | 2009-09 | |
dc.identifier.other | 2009-018 | |
dc.identifier.uri | http://hdl.handle.net/1721.1/51716 | |
dc.description.abstract | Equilibrium models have been proposed in literature with the aim of describing the evolution of the price of emission permits. This paper derives _rst estimation methods for the calibration of three competing equilibrium models. Second, it demonstrates how their reduced-form versions are inter-related. Third, by means of calibration to historical data, it is shown how these reduced-form models perform in the current price-evolution framework also with respect to standard continuous time stochastic models. | en |
dc.description.sponsorship | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. | en |
dc.language.iso | en_US | en |
dc.publisher | MIT Center for Energy and Environmental Policy Research | en |
dc.relation.ispartofseries | MIT-CEEPR (Series);2009-018 | |
dc.title | A Comparison of Reduced-Form Permit Price Models and their Empirical Performances | en |
dc.type | Working Paper | en |