This paper empirically investigates the relevance of the standard economic theory of demand, as expressed in the concept of elasticities, in the period of economic transition from a centrally planned to a market economy. From the econometric point of view, the technical subject of this paper is...

For the biofuel markets and related commodities, we study their price transmission, which is in fact equivalent to studying price cross-elasticities. Importantly, we focus on the price dependence of the price transmission mechanism. Several methodological caveats are discussed. Specifically, we...

Green bonds have gained prominence in China’s capital market as tools that help to fuel the transition to a climate-resilient economy. Although the issuance volume in the Chinese green bond market has been growing rapidly in recent years, the impact of the green label on bond pricing has not...