technologies are likely to be postponed due to the peculiar characteristics of emission allowance prices. Furthermore, this price …

efficient firms are active. This is likely to lead to price increases, rather than decreases. …

of the carbon price variance are triggered by jumps. Information regarding EUA supply and news from international carbon …This paper is concerned with carbon price volatility and the underlying causes of large price movements in the European …. The jump-GARCH model explains the unsteady carbon price movement well and, moreover, shows that between 40 and 60 percent …

price and the targeted minimum price. Second, a national auction reserve price would "KILL" allowances by invalidating them … until the ETS price equalled the national minimum price. Third, a government could require domestic overcompliance and "BILL … price. We explore the implications of these policy options on national and ETS-wide carbon prices, revenues from emissions …

a dynamic panel-data model, our estimates indicate that decline of import-price sensitivity to the exchange rate is not …

these measures will adequately support the price into the future. In the meantime, governments have been turning away from … reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to …

A Bayesian supply function equilibrium is characterized in a market where firms have private information about their … uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition …, competitiveness is affected by the parameters of the information structure: supply functions are steeper with more noise in the …

. Price-cost margins and bid shading are affected by the parameters of the information structure: supply functions are steeper …A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function …

subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the …