Applying fuzzy parametersin pricing financial derivatives inspiredby the kyoto protocol
The emission trading is proposed in the Kyoto Protocol. An appropriate market and the market of financial derivatives for allowances will be established. Using the neutral martingale method and Monte Carlo simulations, we propose a stochastic model with a pricing formula, which may be useful for an evaluation of derivatives inspired by the Kyoto Protocol.
Volume (Year): 4 (2009)
Issue (Month): ()
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"Tradeable permits, missing markets, and technology,"
Environmental & Resource Economics,
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- Lemming, Jacob, 2003. "Financial risks for green electricity investors and producers in a tradable green certificate market," Energy Policy, Elsevier, vol. 31(1), pages 21-32, January. Full references (including those not matched with items on IDEAS)
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