Selaus tekijän mukaan kokoelmassa VATT Working Papers
-
Informational Efficiency of the EU ETS market – a study of price predictability and profitable trading
Aatola, Piia; Ollikka, Kimmo; Ollikainen, Markku
VATT Working Papers : 28 (Valtion taloudellinen tutkimuskeskus VATT, 22.03.2012)We study the informational efficiency of the European Emissions Trading Scheme, EU ETS market by simulating the trading in this emerging market. If the market is efficient, profitable trading should only exist locally in ...