Article ID Journal Published Year Pages File Type
5061962 Economics Letters 2008 5 Pages PDF
Abstract

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.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
First evidence of asymmetric cost pass-through of EU emissions allowances: Examining wholesale electricity prices in Germany
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