Zhu, Bangzhu; Ma, Shujiao; Chevallier, Julien; Wei, Yiming - Institut de Préparation à l'Administration et à la … - 2014
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...