In this paper we examine the nonlinear relation between the EUA price and its fundamentals, such as energy prices, macroeconomic risk factors and weather conditions. By estimating a Markov regime-switching model, we find that the relation between the EUA price and its fundamentals varies over...

In this paper we examine the nonlinear relation between the EUA price and its fundamentals, such as energy prices, macroeconomic risk factors and weather conditions. By estimating a Markov regime-switching model, we find that the relation between the EUA price and its fundamentals varies over...

Measuring and modeling financial volatility is the key to derivative pricing, asset allocation and risk management.The recent availability of high-frequency data allows for refined methods in this field.In particular, more precise measures for the daily or lower frequency volatility can be...

With the recent availability of high-frequency Financial data the long range dependence of volatility regained researchers' interest and has lead to the consideration of long memory models for realized volatility. The long range diagnosis of volatility, however, is usually stated for long sample...

In subtractive manufacturing, differences in machinability among batches of the same material can be observed. Ignoring these deviations can potentially reduce product quality and increase manufacturing costs. To consider the influence of the material batch in process optimization models, the...

This paper examines the management practices of German firms with obligations under the EU Emissions Trading Scheme (EU ETS) based on six structured in-depth interviews with managers of firms from different industries and based on survey data. The paper sheds light on management and trading...

Im Rahmen eines Kooperationsprojekts mit der KfW Bankengruppe führt das Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW) seit 2009 jährlich eine Befragung unter allen regulierten deutschen Unternehmen und zahlreichen internationalen Marktexperten des EU Emissionshandelssystems durch....

Im Rahmen eines Kooperationsprojekts mit der KfW Bankengruppe führt das Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW) seit 2009 jährlich eine Befragung unter allen regulierten deutschen Unternehmen und zahlreichen internationalen Marktexperten des EU Emissionshandelssystems durch....

The KfW/ZEW CO2 Barometer – developed as part of a cooperative project of KfW Bankengruppe and the Centre for European Economic Research (ZEW) – has been analyzing the situation of German companies regulated under the European Union Emissions Trading System (EU ETS) on an annual basis since...

As a complementary study, KfW Bankengruppe and the ZEW have developed a second annual survey in the framework of the KfW/ZEW-CO2-Barometer: the KfW/ZEW-CO2-Barometer – Manufacturing Industry Edition. The aim is to shed light on recent developments in the German manufacturing industry driven by...