Pricing CO2 Permits Using Approximation Approaches

Equilibrium models have been widely used in literature with the aim of showing theoretical properties of emission trading systems. This paper derives first a new equilibrium model. Second, it is shown that the theoretical permit price is related to changes in the expectation about how long regulated companies will need to exhaust the remaining permits. Third, by application to real data it demonstrates that emission trading systems are inherently prone to jumps

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Year of publication:	2014
Authors:	Gruell, Georg
Other Persons:	Kiesel, Ruediger (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Emissionshandel \| Emissions trading \| Treibhausgas-Emissionen \| Greenhouse gas emissions \| Theorie \| Theory

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Extent:	1 Online-Ressource (24 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 4, 2009 erstellt
Other identifiers:	10.2139/ssrn.1527378 [DOI]
Classification:	C02 - Mathematical Methods ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C63 - Computational Techniques ; C65 - Miscellaneous Mathematical Tools ; G13 - Contingent Pricing; Futures Pricing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013070435