exporters and tariffs for non-EU importers goes, however, at the expense of sectors which are excluded from the EU ETS. We show …

; Nonparametric matching estimation …

case of ARGARCH models, the approximation process chosen in this paper shows a better estimation of the stock price … development based on autoregressive models and, thus, more robust estimation results for the reaction to a regulatory change … because of the national process of governments’ adjustments. Thus, the estimation results provide evidence that companies …