Wei, Yi-Ming; Feng, Zhen-Hua; Zou, Le-Le - Center for Energy and Environmental Policy Research … - 2009
is no obvious complex endogenous phenomenon of nonlinear dynamics the carbon price fluctuation. The carbon market is …This paper examines carbon price volatility using data from the European Union Emission Trading Scheme from a nonlinear … dynamics point of view. First, we use a random walk model, including serial correlation and variance ratio tests, to determine …