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dc.contributor.authorZachmann, Georgen_US
dc.contributor.authorHirschhausen, Christian vonen_US
dc.contributor.otherMassachusetts Institute of Technology. Center for Energy and Environmental Policy Research.en_US
dc.date.accessioned2009-04-09T20:05:13Z
dc.date.available2009-04-09T20:05:13Z
dc.date.issued2007en_US
dc.identifier2007-010en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/45125
dc.description.abstractThis 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 measure the relationship between CO2 price changes and the development of wholesale electricity prices. Using data from the German market for electricity and EUAs, we find that the rising prices of EUAs have a stronger impact on wholesale electricity prices than falling prices -- the first empirical evidence of asymmetric cost pass-through for these new allowances.en_US
dc.format.extent8 pen_US
dc.publisherMIT Center for Energy and Environmental Policy Researchen_US
dc.relation.ispartofseriesMIT-CEEPR (Series) ; 07-010WP.en_US
dc.titleFirst evidence of asymmetric cost pass-through of Eu emissions allowances : examining wholesale electricity prices in Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.oclc244574992en_US


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