{"product_id":"carbon-allowances-a-new-financial-asset-von-marius-cristian-frunza","title":"Carbon allowances: A new financial asset","description":"\u003cp\u003eThe aim of this work is to bring an economic view upon the carbon emission market. We identify the specificities of this market, regarding the intrinsic value of carbon . We investigate the econometric particularities of carbon permits prices behaviour and their result of the calibration. We apprehend and explain the reasons of the non-Gaussian behaviour of this market focusing mainly upon jump diffusion and generalized hyperbolic distributions. We test these results for pricing, risk modelling, fundamental valuation and technical analysis\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9786131547478\"\u003e\u003ch3\u003eFrom market fundamentals to derivatives\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9786131547478","offer_id":40148499857501,"sku":"9786131547478","price":71.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/b16f6670-c59c-4abf-9703-50ffdd97d217.jpg?v=1751607069","url":"https:\/\/shop.autorenwelt.de\/products\/carbon-allowances-a-new-financial-asset-von-marius-cristian-frunza","provider":"Autorenwelt Shop","version":"1.0","type":"link"}