First evidence of asymmetric cost pass-through of EU emissions allowances: Examining wholesale electricity prices in Germany
Georg Zachmann () and
Economics Letters, 2008, vol. 99, issue 3, 465-469
We test the hypothesis that rising prices of emission allowances have a stronger impact on wholesale electricity prices than falling prices (asymmetric cost pass-through). Using an autoregressive distributed lag model, we confirm this hypothesis for the German market.
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Working Paper: First Evidence of Asymmetric Cost Pass-through of EU Emissions Allowances: Examining Wholesale Electricity Prices in Germany (2007)
Working Paper: First Evidence of Asymmetric Cost Pass-Through of EU Emissions Allowances: Examining Wholesale Electricity Prices in Germany (2007)
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