the high-frequency EUA price dynamics are very well captured by a fractionally integrated asymmetric power GARCH process … economic development as well as the current economic activity. -- EU ETS ; EUA ; Announcement Effects ; Price Formation ; Long …

This paper empirically examines price formation in the European Union Emissions Trading Scheme (EU ETS). Our analysis … shows that unexpected allocations of European Union Allowances (EUAs) lead to pronounced price reactions of the expected … ; price formation ; European Union Allowance (EUA) ; European Commission …

abundance of hard coal and the price of hard coal are the two variables of our major interest. We assume that countries with an … coal abundance or the accessibility of hard coal, respectively, the hard coal price, the level of foreign direct investment …

larger price increases than mergerrelated exits. Within the merger category, our analysis reveals significant price increases …

an application of before-and-after approaches to estimate the price overcharge can benefit from such rich data sets. We …

We use publicly available price data from the German cement industry to estimate the cartelinduced price increase. We …-cartel period on the overcharge estimate. We find that the cement cartel led to price overcharges in a range from 20.3 to 26 …

a far larger extent than gross prices and that, second, noncartel members slip under the price umbrella of the cartel to …

classification of affected routes, we apply a difference-indifferences approach to exemplarily investigate the price effects of the … routes in which both airlines competed either on a non-stop or one-stop basis prior to the merger, substantial average price …

In this paper we examine the nonlinear relation between the EUA price and its fundamentals, such as energy prices … the EUA price and its fundamentals varies over time. In particular, we are able to identify a low and a high volatility … regime, both showing a strong impact of the fundamentals on the EUA price. The most important EUA price drivers are changes …

indices that correctly reflect the true price movements of IT products. This paper assesses the differences between … traditional and quality adjusted indices by providing results for PC hardware. Transaction price data for the period from 1985 to … 1994 are used to construct price indices for personal computers in Germany. The use of hedonic methods allows to correct …