The Clean Development Mechanism and Joint Price Formation for Allowances and CERs

DOI10.1007/978-3-0348-0021-1_21zbMath1282.91247OpenAlexW2126768007MaRDI QIDQ2904886

Max Fehr, René A. Carmona

Publication date: 24 August 2012

Published in: Seminar on Stochastic Analysis, Random Fields and Applications VI (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/978-3-0348-0021-1_21

zbMATH Keywords

cap-and-tradeKyoto protocolenvironmental riskenergy economicscarbon markets

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Microeconomic theory (price theory and economic markets) (91B24) Applications of stochastic analysis (to PDEs, etc.) (60H30) Financial applications of other theories (91G80) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (4)

Risk Aversion in Modeling of Cap-and-Trade Mechanism and Optimal Design of Emission Markets ⋮ Risk-Neutral Pricing of Financial Instruments in Emission Markets: A Structural Approach ⋮ Risk-Averse Equilibrium Modeling and Social Optimality of Cap-and-Trade Mechanisms ⋮ Market-Consistent Modeling for Cap-and-Trade Schemes and Application to Option Pricing

Cites Work

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• A model of intertemporal emission trading, banking, and borrowing
• Solving an equilibrium model for trade of \(\text{CO}_2\) emission permits
• The economics of pollution permit banking in the context of Title IV of the 1990 Clean Air Act Amendments
• Optimal Stochastic Control and Carbon Price Formation

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