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dc.contributor.authorRotfuß, Waldemaren_US
dc.contributor.authorConrad, Christianen_US
dc.contributor.authorRittler, Danielen_US
dc.date.accessioned2009-09-14en_US
dc.date.accessioned2009-09-22T11:41:07Z-
dc.date.available2009-09-22T11:41:07Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/28010-
dc.description.abstractThis paper empirically examines price formation in the European Union Emissions Trading Scheme (EU ETS). Our analysis shows that unexpected allocations of European Union Allowances (EUAs) lead to pronounced price reactions of the expected signs. Moreover, we find evidence that the adjustment of EUA prices to the European Commission's decisions on second National Allocation Plans (NAPs) is not instantaneous, but takes up to six hours after the decision announcement.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 09-045en_US
dc.subject.jelG13en_US
dc.subject.jelG14en_US
dc.subject.jelG15en_US
dc.subject.jelG17en_US
dc.subject.jelG19en_US
dc.subject.jelQ4en_US
dc.subject.jelQ5en_US
dc.subject.ddc330en_US
dc.subject.keywordEU ETSen_US
dc.subject.keywordprice formationen_US
dc.subject.keywordEuropean Union Allowance (EUA)en_US
dc.subject.keywordEuropean Commissionen_US
dc.subject.stwEmissionsrechteen_US
dc.subject.stwPreisen_US
dc.subject.stwAllokationen_US
dc.subject.stwEU-Umweltpolitiken_US
dc.subject.stwAnkündigungseffekten_US
dc.subject.stwEU-Staatenen_US
dc.titleThe European Commission and EUA prices: a high-frequency analysis of the EC's decisions on second NAPsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn608694541en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:09045-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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