We propose and investigate a valuation model for the income of selling tradeable green certificates (TGCs) in the Swedish-Norwegian market, formulated as a singular stochastic control problem. Our model takes into account the production rate of renewable energy from a "typical" plant, the...

This paper develops and applies a novel estimation procedure for quantile regressions with time-varying coefficients based on a fully parametric, multifactor specification. The algorithm recursively filters the multifactor dynamic coefficients with a Kalman filter and parameters are estimated by...