- A Side event at the Tenth Session of the Conference of Parties COP 106–7 December 2004. Buenos Aires,Argentina.
Paper not yet in RePEc: Add citation now
- – Averyt, K.B. – Tignor, M. – Miller, H.L. Eds.: Climate Change 2007: The Physical Science Basis. Contribution of Working Group I to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA, pp. 747–845.
Paper not yet in RePEc: Add citation now
Alberola, E. – Chevallier, J. – Cheze, B., 2008. Price drivers and structural breaks in European Carbon prices 2005–2007. Energy Policy, 36, 787–797.
Albrecht, J. – Verbeke, T. – De Clercq, M., 2006. Informational efficiency of the US SO2 permit market. Environmental Modelling & Software, 21, 1471–1478.
- Amato, A.D. – Ruth, M. – Kirshen, P. – Horwitz, J., 2005. Regional energy demand responses to climate change: Regional energy demand responses to climate change: methodology and application to the Commonwealth of Massachusetts. Climatic Change, 711–2, 175–201.
Paper not yet in RePEc: Add citation now
Anderson, B. – Di Maria, C., 2011. Abatement and Allocation in the Pilot Phase of the EU ETS. Environmental and Resource Economics, 48, 83–103.
- Böhringer, C. – Lange, A., 2005a. Economic implications of alternative allocation schemes for emission allowances? Scandinavian Journal of Economics, 107, 563–581.
Paper not yet in RePEc: Add citation now
- Böhringer, C. – Lange, A., 2005b. On the design of optimal grandfathering schemes for emission allowances? European Economic Review , 49, 2041–2055.
Paper not yet in RePEc: Add citation now
Ben-David, S. – Brookshire, D. – Burness, S. – McKee, M. – Schmidt, C., 2000. Attitudes Toward Risk and Compliance in Emission Permit Markets. Land Economics, 764, 590–600.
Benz E. – Löschel A. – Sturm B., 2010. Auctioning of CO2 emission allowances in Phase 3 of the EU Emissions Trading Scheme. Climate Policy 10, 705–718.
Bollerslev, T., 1986. Generalized autoregressive conditional heteroscedasticity. Journal of Econometrics, 31, 307–327.
Bosco, B. – Parisio, L. – Pelagatti, M. – Baldi, F., 2010. Long-run relations in European electricity prices. Journal of Applied Economics, 25, 805–832.
Bredin, D. – Muckley, C., 2011. An Emerging Equilibrium in the EU Emissions Trading Scheme. Energy Economics, 33, 353–362.
Calel, R. – Dechezleprêtre, A., 2012. Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market FEEM Working Paper No. 22.2012.
Cason, T. N. – Gangadharan, L., 2003. A Laboratory Study of Auctions for Reducing Non-point Source Pollution. Journal of Environmental Economics and Management 463: 446–471.
Chevallier, J., 2009. Carbon futures and macroeconomic risk factors: A view from the EU ETS Energy Economics 314, 614–625.
Christiansen, A C. – Arvanitakis, A. – Tangen, K. – Hasselknippe, H., 2005. Price Determinants in the EU Emissions Trading Scheme. Climate Policy, 5, 15–30.
CITL, 2012. Community transaction log. URL: http://ec.europa.eu/environment/ets/ Coase, Ronald H., 1960. The Problem of Social Cost. Journal of Law and Economics, 3, 1–44.
Conrad, C. – Rittler, D. – Rotfuss, W., 2012. Modeling and explaining the dynamics of European Union Allowance prices at high-frequency. Energy Economics, 34, 316–326.
Creti, A. – Jouvet, P-A. – Mignon, V., 2012. Carbon Price Drivers: Phase I versus Phase II Equilibrium? Energy Economics, 34, 327–334.
- Crocker, T. D., 1966. The Structuring of Atmospheric Pollution Control Systems. In Harold Wolozin, ed.: The Economics of Air Pollution. New York: W.W. Norton.
Paper not yet in RePEc: Add citation now
- Dales, J. H., 1968. Pollution, Property and Prices. Toronto: University Press.
Paper not yet in RePEc: Add citation now
- Daskalakis, G. – Markellos, R. N., 2008. Are the European Carbon Markets Efficient? Review of Futures Markets, 17, 103–128.
Paper not yet in RePEc: Add citation now
Davidson, R. – MacKinnon, J G., 1993. Estimation and inference in econometrics. Oxford University Press.
- Delarue, E.D. – D'haeseleer, W.D., 2007. Price determination of ETS allowances through the switching level of coal and gas in the power sector. International Journal of Energy Research, 31, 1001–1015.
Paper not yet in RePEc: Add citation now
- Delarue, E.D. – Ellerman,A.D. – D'haeseleer, W.D., 2008. Short-term CO2 Abatement in the European Power Sector. Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research, Working Papers.
Paper not yet in RePEc: Add citation now
Dickey, D. – Fuller, W., 1981. Likelihood Ratio Tests for Autoregressive Time Series with a Unit Root. Econometrica, 49, pp. 1057–1072.
- EC, 2003. Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC.
Paper not yet in RePEc: Add citation now
- EC, 2004. Directive 2004/101/EC of the European Parliament and of the Council of 27 October 2004 amending Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading within the Community, in respect of the Kyoto Protocol’s project mechanisms.
Paper not yet in RePEc: Add citation now
- EC, 2009. Directive 2009/29/EC OF of the European Parliament and of the Council of 23 April 2009 amending Directive 2003/87/EC so as to improve and extend the greenhouse gas emission allowance trading scheme of the Community Egenhofer, C. – Alessi, M. – Georgiev, A. – Fujiwara, N., 2011. The EU Emissions Trading System and Climate Policy towards 2050: Real incentives to reduce emissions and drive innovation? CEPS Special Report, CEPS, Brussels.
Paper not yet in RePEc: Add citation now
- Ellerman, A.D. – Buchner, B., 2008. Over Allocation or Abatement? A Preliminary Analysis of the 2005-2006 Emissions Data. Environmental and Resource Economics, 41, 267–287.
Paper not yet in RePEc: Add citation now
Ellerman, A.D. – Convery, F. – De Perthuis, C., 2010. Pricing Carbon: The European Union Emissions Trading Scheme. Cambridge University Press, Cambridge, UK.
- Ellerman, D. A. – Joskow, P. L., 2008. The European Union’s Emissions Trading System in perspective. Pew Center on Global Climate Change.
Paper not yet in RePEc: Add citation now
Engle, R. – Lilien, D. – Robins, R., 1987. Estimating Time Varying Risk Premia in the Term Structure: The ARCH-M Model. Econometrica, 55, 391–407.
Engle, R. – Ng, V., 1993. Measuring and Testing the Impact of News on Volatility. Journal of Finance, 1993, 48, 1749–78.
Engle, R., 1982. Autoregressive Conditional Heteroscedasticity with Estimates of Variance of United Kingdom Inflation. Econometrica 50, 987–1008.
Gangadharan, L., 2000. Transactions Costs in Pollution Markets: An Empirical Study. Land Economics 764: 601–614.
Granger C.W.J. – Newbold. P., 1986. Forecasting Economic Time Series (2nd edition). Academic Press, New York.
- Greene, William H., 2003. Econometric analysis, 5th ed. Pearson Education International.
Paper not yet in RePEc: Add citation now
Hahn, R. W., 1984. Market Power and Transferable Property Rights. Quarterly Journal of Economics 994: 753–765.
Hansen, L.P., 1982. Large Sample Properties of Generalized Methods of Moments Estimators. Econometrica, 50, 1029–1054.
Hermeling, C. – Löschel, A. – Mennel, T., 2013. A new robustness analysis for climate policy evaluations: A GCE application for the EU 2020 targets.
Hintermann, B., 2010. Allowance price drivers in the first phase of the EU ETS. Journal of Environmental Economics and Management, 59, 43–56.
Hintermann, B., 2011. Market Power, Permit Allocation and Efficiency in Emission Permit Markets. Environment and Resource Economics, 49, 327–349.
Holthausen, D.M., 1979. Hedging and the Competitive Firm Under Price Uncertainty. American Economic Review, 69, 989–995.
- Innes, R. – C. Kling.C– Rubin.J.., 1991. Emission Permits Under Monopoly. Natural Resource Modeling 53: 321–43.
Paper not yet in RePEc: Add citation now
Inoue, A. – Kilian, L., 2006. On the selection of forecasting models. Journal of Econometrics 130, 273–306.
Jaraite, J. – Convery, F. – Di Maria, C., 2010. Assessing the transaction costs of firms in the EU ETS: Lessons from Ireland. Climate Policy, 10, 190–215.
Jensen, M., 1978. Some Anomalous Evidence Regarding Market Efficiency. Journal of Financial Economics, 6, 95–101.
Johansen, S. – Juselius, K., 1990. Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money, Oxford Bulletin of Economics and Statistics, 52, 169–210.
Johansen, S., 1988. Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control, 12, 231–254.
Keppler, J.H. – Mansanet-Bataller, M., 2010. Causalities between CO2, electricity, and other energy variables during phase I and phase II of the EU ETS. Energy Policy 38, 3329–3341.
- Kwiatkowski, D. – Phillips, P. – Schmidt, P. – Shin. Y., 1992. Testing the Null Hypothesis of Stationarity Against the Alternative of a Unit Root. Journal of Econometrics, 54, pp. 159–178.
Paper not yet in RePEc: Add citation now
- Lütkepohl, H., 2007. New Introduction to Multiple Time Series Analysis. Springer.
Paper not yet in RePEc: Add citation now
- Lise, W. – Sijm, J., 2010. The Impact of the EU ETS on Prices, Profits and Emissions in the Power Sector: Simulation Results with the COMPETES EU20 Model. Environmental and Resource Economics, 47, 23–44.
Paper not yet in RePEc: Add citation now
Liski, M., 2001. Thin versus Thick CO2 Market. Journal of Environmental Economics and Management, 41, 295–311.
Malik, A., 1992. Enforcement costs and the choice of policy instruments for controlling pollution. Economic Inquiry, 30, 387–396.
Mandelbrot, B. B., 1963. The variation of certain speculative prices, Journal of Business, 36, 392–417.
Mansanet-Bataller, M. – Chevallier, J. – Hervé-Mignuccic, M. –Alberola, E., 2011. EUA and sCER phase II price drivers: Unveiling the reasons for the existence of the EUA–sCER spread. Energy Policy, 39, 1056–1069.
Mansanet-Bataller, M. – Pardo, A. – Valor, E., 2007. CO2 Prices, Energy and Weather. The Energy Journal, 28, 3, 73–93.
- Meehl, G.A. – Stocker, T.F. – Collins, W.D. – Friedlingstein, P. – Gaye, A.T. – Gregory, J.M. – Kitoh, A. – Knutti, R. – Murphy, J.M. – Noda, A. – Raper, S.C.B. – Watterson, I.G. – Weaver, A.J. – Zhao, Z.-C., 2007. Global Climate Projections. In Solomon, S. – Qin, D. – Manning, M. – Chen, Z. – Marquis, M.
Paper not yet in RePEc: Add citation now
- Miclaus, P. – Lupu R. – Dumitrescu, S. – Bobrica A., 2008. Testing the efficiency of the European Carbon Futures Market using Event-Study Methodology. International Journal of Energy and Management, 2, 121–128.
Paper not yet in RePEc: Add citation now
Milunovich, G. – Joyeux, R., 2010. Market Efficiency and Price Discovery in the EU Carbon Futures Market. Applied Financial Economics, 20.
Misiolek, W. S. – Elder, H. W. 1989. Exclusionary Manipulation of Markets for Pollution Rights. Journal of Environmental Economics and Management 162: 156–66.
Montagnoli, A. – de Vries, F. P., 2010. Carbon trading thickness and market efficiency. Energy Economics, 32, 1331–1336.
Montero, J.-P. 1998. Marketable Pollution Permits with Uncertainty and Transactions Costs. Resource and Energy Economics, 201, 27–50.
Montgomery. D., 1972. Markets in licenses and efficient pollution control programs. Journal of Economic Theory, 5, 395–418.
Nelson, D. 1991. Conditional Heteroskedasticity in Asset Returns: A New Approach. Econometrica, 2, 347–370.
Newey, W. – West, K. – Kenneth, D. 1987. A Simple, Positive Semi-definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix. Econometrica, 55, 703–708.
Oberndorfer, U. – Alexeeva-Talebi, V. – Löschel, A. 2010. Understanding the competitiveness implications of future phases of EU ETS on the industrial sectors, ZEW Discussion Paper No. 10-044, ZEW, Mannheim.
Pagan A. R. – Schwert W. G., 1990. Alternative models for conditional stock volatility. Journal of Econometrics, 45, 267–290.
- Paolella, M.S. – Taschini, L. 2008. An Econometric Analysis of Emission Trading Allowances. Journal of Banking and Finance, 32, 2022–2032.
Paper not yet in RePEc: Add citation now
Pesaran, M. H. – Shin, Y., 1998. Generalized Impulse Response Analysis in Linear Multivariate Models. Economic Letters, 58, 17–29.
- Pettersson, F. – Söderholm, P. – Lundmark, R., 2011. Fuel switching and climate and energy policies in the European power generation sector: a generalized Leontief model. Energy Economics, 34, 1064–1073.
Paper not yet in RePEc: Add citation now
- Phillips, P. – Perron, P. 1988. Testing for a Unit Root in Time Series Regression. Biometrika, 75, 335–346.
Paper not yet in RePEc: Add citation now
- Pigou, A.1932. The Economics of Welfare, 4th edition. London: Macmillan and Co.
Paper not yet in RePEc: Add citation now
- PRUDENCE Prediction of Regional scenarios and Uncertainties for Defining Europea N Climate change risks and Effects. 2004. Contract No.EVK2-200100156.
Paper not yet in RePEc: Add citation now
Rickels, W. – Duscha, V. – Keller, A. – Peterson, S., 2007. The determinants of allowance prices in the European Emissions Trading Scheme – Can we expect an efficient allowance market 2008? Kiel Working papers, No. 1387.
- Roberts, H., 1967. Statistical versus clinical prediction of the stock market. Unpublished manuscript. Center for Research in Security prices, University of Chicago.
Paper not yet in RePEc: Add citation now
Ruth, M. – Lin, A., 2006. Regional energy demand and adaptations to climate change: methodology and application to the state of Maryland, USA. Energy Policy, 34, 2820–2833.
Sijm J. – Neuhoff, K. – Chen, Y. 2006. CO2 Cost pass-through and windfall profits in the power sector. ClimatePolicy, vol. 6, pp. 47–70.
- State and Trends of Carbon Market 2010. 2011. World Bank. Available: http://siteresources.worldbank.org/INTCARBONFINANCE/Resources/StateA ndTrend_LowRes.pdf .
Paper not yet in RePEc: Add citation now
Stavins, R. N., 1995. Transaction Costs and Tradable Permits. Journal of Environmental Economics and Management, 292, 133–148.
- Stock, J. – Yogo, M. 2005. Testing for Weak Instruments in Linear IV Regression. In J. Stock and D. Andrews, eds.: Identification and Inference in Econometrics: A Festschrift in Honor of Thomas Rothenberg. Cambridge: Cambridge University Press, pp. 80–108.
Paper not yet in RePEc: Add citation now
- ThomsonReuters. 2012., 3000Xtra Hosted Terminal Access. News and Data service. URL http://portal.hpd.global.reuters.com.
Paper not yet in RePEc: Add citation now
Timmermann, A. – Granger, C., 2004. Efficient market hypothesis and forecasting. International Journal of Forecasting, 20, 15–27.
URL: http://ec.europa.eu/environment/ets/ Fama E. F., 1970. Efficient capital markets: A review of theory and empirical work. Journal of Finance, 25, 383–417.
von der Fehr, N.-H., 1993. Tradable Emission Rights and Strategic Interaction. Environmental and Resource Economics, 3, 129–151.
- Walker, N., 2006. Concrete Evidence? An empirical approach to quantify the impact of EU Emissions Trading on cement industry competitiveness, Working Paper PEP 06/10, School of Geography Planning and Environmental Policy, University College Dublin.
Paper not yet in RePEc: Add citation now
Weigt, H., 2009. A Review of Liberalization and Modeling of Electricity Markets. Electricity Markets Working Papers, WP-EM-34. Dresden University of Technology.
Woerdman, E. – Couwenber, O. – Nentjes, A. 2009. Energy prices and emissions trading: windfall profits from grandfathering? European Journal of Law and Economics, 28,185–202.
- Wråke, M. – Burtraw, D. – Löfgren, Å. – Zetterberg, L., 2012. What Have We Learnt from the European Union's Emissions Trading System? AMBIO: A Journal of the Human Environment, 41, Supplement 1, 12–22.
Paper not yet in RePEc: Add citation now
Zachmann, G. – v. Hirschhausen, C., 2008. First evidence of asymmetric cost pass-through of EU Emissions allowances: Examining wholesale electricity prices in Germany. Economics Letters, 99, 465–469.
- Zachmann, G., 2008. Convergence of Electricity Wholesale Prices in Europe? – A Kalman Filter Approach, Energy Economics, 30, 1659–1671.
Paper not yet in RePEc: Add citation now
Zhang, Y-J. – Wei, Y-M., 2010. An overview of current research on EU ETS: Evidence from its operating mechanism and economic effect. Applied Energy, 87, 1804–1814.