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Energy prices and CO_2 emission allowance prices: A quantile regression approach

机译:能源价格和CO 2排放配额价格:分位数回归方法

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摘要

We use a quantile regression framework to investigate the impact of changes in crude oil prices, natural gas prices, coal prices, and electricity prices on the distribution of the CO_2 emission allowance prices in the United States. We find that: (ⅰ) an increase in the crude oil price generates a substantial drop in the carbon prices when the latter is very high; (ⅱ) changes in the natural gas prices have a negative effect on the carbon prices when they are very low but have a positive effect when they are quite high; (ⅲ) the impact of the changes in the electricity prices on the carbon prices can be positive in the right tail of the distribution; and (ⅳ) the coal prices exert a negative effect on the carbon prices.
机译:我们使用分位数回归框架来研究原油价格,天然气价格,煤炭价格和电价变化对美国CO_2排放配额价格分布的影响。我们发现:(ⅰ)当原油价格很高时,原油价格的上涨会导致碳价格的大幅下降; (ⅱ)天然气价格的变化在很低的时候会对碳价格产生负面影响,而在很高的时候会产生积极影响; (ⅲ)在分配的右尾,电价变化对碳价的影响可能是积极的; (ⅳ)煤炭价格对碳价产生负面影响。

著录项

  • 来源
    《Energy Policy》 |2014年第7期|201-206|共6页
  • 作者单位

    LeBow College of Business, Drexel University, Philadelphia, PA, USA,IPAC Lab, IPAG Business School, 184 Boulevard Saint-Germain, 75006, France;

    IPAC Lab, IPAG Business School, 184 Boulevard Saint-Germain, 75006, France;

    London School of Economics, LSE Alumni Association, London, United Kingdom,Department of Economics and Economic Policies Research Unit (NIPE), University ofMinho, Braga, Portugal;

  • 收录信息 美国《科学引文索引》(SCI);美国《工程索引》(EI);
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    C0_2 allowance price; Energy prices; Quantile regression;

    机译:C0_2配额价格;能源价格;分位数回归;

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