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First evidence of asymmetric cost pass-through of EU emissions allowances: Examining wholesale electricity prices in Germany

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.
Year of publication:
2008
Authors: Zachmann, Georg ; von Hirschhausen, Christian
Published in:
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 99.2008, 3, p. 465-469
Publisher: Elsevier
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10005296618
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