Feng, Zhen-Hua; Zou, Le-Le; Wei, Yi-Ming - In: Applied Energy 88 (2011) 3, pp. 590-598
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 whether carbon price history information is fully...