Wölfing, Nikolas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
In January 2007, first evidence of an asymmetric pass-through of CO2 emission allowance prices was reported for the German electricity spot market. This paper explores the theoretical basis for such an asymmetry in the context of a supply function bidding duopoly. It interprets fluctuating...
