Optimal stochastic control and carbon price formation

Publisher:
Siam Publications
Publication Type:
Journal Article
Citation:
SIAM Journal on Control and Optimization, 2009, 48 (4), pp. 2168 - 2190
Issue Date:
2009-01
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To meet the targets of the Kyoto Protocol, the European Union established the European Emission Trading Scheme, a mandatory market for carbon emission allowances. This regulatory framework has introduced a market for emission allowances and created a var
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