English, Article, Journal or magazine article edition: Informational efficiency of the US SO2 permit market J. ALBRECHT; T. VERBEKE; M. DE CLERCQ

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/15173
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Informational efficiency of the US SO2 permit market
Author
  • J. ALBRECHT
  • T. VERBEKE
  • M. DE CLERCQ
Physical Description
  • preprint
Notes
  • We test the information efficiency of the market for SO2 permits in the US. In order to do so, we perform a number of unit root tests and test if the changes in the SO2 permit price are serially correlated. Furthermore, we test if it would have been possible to earn a profit based on knowledge on the SO2 permit’s price history. The evidence presented in this paper suggests that this market is efficient from an informational point of view. Although one could question this hypothesis from a statistical point of view, economic significance suggests that this market is indeed efficient.
  • SO2, tradable permits market, market efficiency, unit roots, random walk hypothesis.
  • RePEc:rug:rugwps:04/​250
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment