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Impact of banking and forward contracts on tradable permit markets

Listed author(s):
  • Akira Maeda
Registered author(s):

    This article assesses the effects of banking on tradable emission permit markets and, in particular, the role of uncertainty in permit markets that allow banking. In such markets, current and future spot trade markets are linked: An increase in uncertainty about future spot markets at first lowers spot prices due to the presence of unregulated agents but soon spurs an increase in spot prices. Copyright Springer Japan 2004

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    File URL: http://hdl.handle.net/10.1007/BF03353932
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    Article provided by Springer & Society for Environmental Economics and Policy Studies - SEEPS in its journal Environmental Economics and Policy Studies.

    Volume (Year): 6 (2004)
    Issue (Month): 2 (June)
    Pages: 81-102

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    Handle: RePEc:spr:envpol:v:6:y:2004:i:2:p:81-102
    DOI: 10.1007/BF03353932
    Contact details of provider: Web page: http://www.springer.com

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