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A Multivariate Commodity Analysis with Time-Dependent Volatility—Evidence from the German Energy Market
In recent years commodity markets (in particular electricity, coal, and emissions) encountered extreme price movements and phases of high price volatility. Utility companies are naturally exposed to these kind...
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Article
Quantifying the CO2 Permit Price Sensitivity
Equilibrium models have been widely used in the literature with the aim of showing theoretical properties of emissions trading schemes. This paper applies equilibrium models to empirically study permit prices ...