Chemarin, Sophie; Heinen, Andreas; Strobl, Eric - HAL - 2008
market by taking into account the existence of possible cross-spillovers between the French carbon and the French electricity … there is no short run relationship between the electricity and carbon returns, while there is a long run relationship …. However, this relationship suffers from a disequilibrium in that the electricity price readjust in the long run. We also find …