On Fair Pricing of Emission-Related Derivatives
The climate rescue is on the top of many agendas. In this context, emission trading schemes are considered as promising tools. The regulatory framework of an emission trading scheme introduces a market for emission allowances and creates need for risk management by appropriate financial contracts. In this work, we address logical principles underlying their valuation.
|Date of creation:||01 Aug 2009|
|Publication status:||Published as: Hinz, J. and Novikov, A., 2010, "On Fair Pricing of Emission-Related Derivatives", Bernoulli, 16(4), 1240-1261.|
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