Borak, Szymon; Härdle, Wolfgang; Trück, Stefan; … - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006
allocation plans for the Kyoto period.
Key words: CO2 emission trading, Commodity Markets, Spot and Futures Prices,
Convenience … et al. (2002) find that futures prices may also significantly
exceed expected spot prices in different electricity … emission allowance spot and futures prices or convenience
yields in this relatively new market. Hence, our first goal is to …