Zhu, Bangzhu; Ma, Shujiao; Chevallier, Julien; Wei, Yiming - In: Economic Modelling 38 (2014) C, pp. 372-380
This article investigates the European carbon futures price dynamics by applying the Zipf analysis. The results show that: first, carbon price behaviour is asymmetric, and the long-term bearish probability is greater than the long-term bullish probability. Second, time-scales of investment and...