Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27233
Authors: 
Zachmann, Georg
von Hirschhausen, Christian R.
Year of Publication: 
2007
Series/Report no.: 
DIW Discussion Papers 708
Abstract: 
This 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
Subjects: 
the first empirical evidence of asymmetric cost passthrough for these new allowances.
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.