Mount, Timothy D.; Ju, Jaeuk - In: Energy Economics 46 (2014) C, pp. 176-185
The goals of this paper are to 1) simulate the ex-ante riskiness of purchasing a TCC, and 2) evaluate the efficiency of the TCC market in New York State to determine if there is evidence of under-pricing. Three VAR models are estimated using only market data available before the auction. This...
