|
EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/28010
|
| | |
| Title: | | The European Commission and EUA prices: a high-frequency analysis of the EC's decisions on second NAPs  |
| Authors: | | Rotfuß, Waldemar Conrad, Christian Rittler, Daniel |
| Issue Date: | | 2009 |
| Series/Report no.: | | ZEW Discussion Papers 09-045 |
| Abstract: | | This 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. |
| Subjects: | | EU ETS price formation European Union Allowance (EUA) European Commission |
| JEL: | | G13 G14 G15 G17 G19 Q4 Q5 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/28010
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|