Article
Economics
Xiaoyang Wang
Summary: This study examines the efficiency and connectedness of commodity markets using fuzzy entropy and multivariate transfer entropy analysis. The results show that efficient markets process more information and are more connected in the system. Stronger connectedness exists among efficient markets irrespective of their sector categorization. The relationship between market efficiency and connectedness is more pronounced during extreme events. Industrial metals are found to be the most efficient sector with strong connectedness to other markets.
Article
Energy & Fuels
Sebastian Lange, Peter Sokolowski, Xinghuo Yu
Summary: This paper proposes a new auction model for electricity markets that combines Vickrey auctions and revealed bidding to address supply allocation issues. The new model uses an open-bid, descending clock auction format and can handle inter-bidder dependencies and constraints.
Article
Business, Finance
Jens Eisenschmidt, Yiming Ma, Anthony Lee Zhang
Summary: Repo markets play a crucial role in transmitting monetary policy. In the European market, a small number of dealers with significant market power dominate over-the-counter trades, restricting access for non-dealer banks and non-banks. This concentration of power results in inefficient and unequal transmission of the ECB's policy rate. Facilitating access to centralized trading platforms or providing a secured deposit facility with the central bank could enhance the efficiency of monetary policy transmission and reduce dispersion in repo rates among customers.
JOURNAL OF FINANCIAL ECONOMICS
(2024)
Article
Business, Finance
Jian Liu, Ting Jiang, Ze Ye
Summary: The study suggests that the highest information efficiency in China's carbon markets is observed in the Hubei market, while the EU carbon market is more informationally efficient than China's markets. Furthermore, certain pairs of China's carbon markets exhibit highly correlated information efficiency levels.
FINANCE RESEARCH LETTERS
(2021)
Article
Environmental Sciences
Charles Plott, Gary Stoneham, Ingrid Burfurd, Rogelio Canizales Perez, Mladen Kovac
Summary: This paper describes a market designed to facilitate efficient and effective transactions in biodiversity offset credits in New South Wales, addressing issues of thin markets and high transaction costs through the use of a search algorithm and an online exchange tool.
ENVIRONMENTAL RESEARCH LETTERS
(2023)
Article
Economics
Jian Cui, Feng Song, Zhigao Jiang
Summary: Emissions reduction in the electricity sector is crucial for China's carbon neutrality goal. This study assessed the impact of electricity market integration on the cost-effectiveness of carbon pricing in China. The regional market showed higher cost-effectiveness in reducing emissions compared to the provincial market, saving about 60% of abatement costs. However, the regional market may raise potential equity issues. The research findings improve policymakers' understanding of the interaction between carbon pricing and electricity market reforms, aiding in the coordination of effective designs for both markets and supporting China's carbon neutrality target.
CHINA ECONOMIC REVIEW
(2023)
Article
Green & Sustainable Science & Technology
Sebastian Theis, Mark S. Poesch
Summary: Research found that approximately one quarter of transactions in conservation and mitigation banks did not achieve ecological equivalence, mainly due to a lack of new ecosystem creation. Future efforts should focus on strengthening guidance and incentivizing the creation of ecosystems to avoid net losses.
Article
Business, Finance
Abhinava Tripathi, Ashish Pandey
Summary: This study found that during the COVID-19 pandemic, information from nonsystematic sources contributed to market volatility and price decline, while systematic information helped to reduce volatility and facilitate market stability.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2021)
Article
Energy & Fuels
K. H. Cao, H. S. Qi, C. H. Tsai, C. K. Woo, J. Zarnikau
Summary: The study found that MISO's energy markets are integrated spatially and temporally, but also exhibit energy price differences influenced by fundamental drivers. To enhance trading efficiency, improvements are needed in accuracy of day-ahead forecasts and mitigation of inter-zonal transmission congestion.
Article
Management
Brice Corgnet, Mark Desantis, David Porter
Summary: Trader communication has a significant impact on market efficiency, allowing for more effective transmission of private information. However, the presence of insiders limits this effect, while reputation scores in communication platforms amplify it.
MANAGEMENT SCIENCE
(2023)
Article
Environmental Studies
Yiying Li, Xiaohang Ren, Farhad Taghizadeh-Hesary
Summary: This study examines the impact of oil price shocks on the performance of sustainable markets, including green bonds, clean energy, and carbon futures markets, from a market efficiency perspective. The findings reveal that sustainable markets are initially vulnerable to oil price shocks, which can have a long-term adverse effect on their efficiency. The intensity and direction of these effects vary for different types of oil price shocks.
Article
Business, Finance
Lennart Ante, Ingo Fiedler, Elias Strehle
Summary: Stablecoins are digital currencies pegged to non-volatile assets, serving as alternatives to fiat currencies in cryptocurrency markets. Research shows market downturns in the week before issuance, followed by positive abnormal returns in the 24 hours surrounding the issuance. Effectiveness varies among different stablecoin subsamples, with issuance size having no significant impact on abnormal returns.
FINANCE RESEARCH LETTERS
(2021)
Article
Environmental Sciences
Andrew Edwards, Ricky Archer, Phillip De Bruyn, Jay Evans, Ben Lewis, Tom Vigilante, Sandy Whyte, Jeremy Russell-Smith
Summary: Savannas are the most fire-prone of Earth's biomes and Australia has made substantial developments in savanna burning emissions accounting methods to incentivise conservative fire management. The savanna burning projects have generated significant emissions reductions and financial benefits, but biodiversity conservation considerations remain controversial. Despite achievements in reducing late season wildfires and increasing controlled burning, savanna burning projects do not solve all regional conservation and cultural management issues.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2021)
Article
Business, Finance
Simon Rudkin, Wanling Rudkin, Pawel Dlotko
Summary: Topological Data Analysis (TDA) persistence norms provide valuable insights into the activity and volatility of cryptocurrency markets, allowing for the prediction of market crashes and exogenous shocks. These norms capture the volatility and connectedness between cryptocurrencies, as well as information from uncertainty indexes, financial market performance, and commodity returns.
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
(2023)
Article
Environmental Studies
Justin Alger
Summary: States have accelerated their conservation efforts to meet ambitious protected area targets, but the ecological gains achieved are not superior to random designation of protected areas. Critics argue that governments prioritize quantity over quality, but this does not fully explain the deficiencies in the global biodiversity network. The root problem lies in the processes through which governments designate protected areas, with a focus on minimizing short-term commercial losses rather than maximizing long-term ecological gains, resulting in two dominant types of protected areas: residual and paper park. The case studies in Australia and the United States illustrate how salient industry interests drive government policy response.
GLOBAL ENVIRONMENTAL POLITICS
(2023)
Article
Environmental Sciences
Aritta Suwarno, Meine van Noordwijk, Hans-Peter Weikard, Desi Suyamto
MITIGATION AND ADAPTATION STRATEGIES FOR GLOBAL CHANGE
(2018)
Article
Environmental Sciences
Agnes David Yeeting, Hans-Peter Weikard, Megan Bailey, Vina Ram-Bidesi, Simon R. Bush
REGIONAL ENVIRONMENTAL CHANGE
(2018)
Article
Agriculture, Multidisciplinary
Janne Helin, Hans-Peter Weikard
AGRICULTURAL SYSTEMS
(2019)
Article
Environmental Sciences
Erik Ansink, Hans-Peter Weikard
NATURAL RESOURCE MODELING
(2020)
Article
Economics
Nicky R. M. Pouw, Hans-Peter Weikard, Richard B. Howarth
Summary: This study conducts an extensive review of papers published in the journal "International Environmental Agreements: Politics, Law & Economics" and summarizes key conclusions regarding the economic dimensions of international environmental agreements. It finds that universal coalitions are more cost-efficient and effective at the international level, developing countries require external funding for environmental compliance, and market-based solutions have mixed results. The study also highlights the importance of investigating institutions and their potential for reform in future applied economic research.
INTERNATIONAL ENVIRONMENTAL AGREEMENTS-POLITICS LAW AND ECONOMICS
(2022)
Article
Water Resources
Rosario Gomez, Hans-Peter Weikard
Summary: Inefficient water allocations in river basins hinder economic benefits and create conflicts. This study explores how institutional change triggered by investments and new technologies can enhance water-use efficiency and mitigate conflicts. By analyzing the Peruvian Tambo-Santiago-Ica river basin, which faces significant economic and social inequalities, a bargaining framework is developed to assess the welfare changes of different stakeholders when joint investments are implemented to overcome conflict. The findings suggest that joint investments can increase payoffs for both upstream and downstream regions, and cooperation can be further strengthened through side-payments.
INTERNATIONAL JOURNAL OF WATER RESOURCES DEVELOPMENT
(2023)
Article
Environmental Sciences
Yonky Indrajaya, Hans-Peter Weikard, Frits Mohren, Edwin van der Werf
Summary: Forests play a vital role in mitigating climate change by absorbing and storing carbon. This study compares the cost-effectiveness of a carbon accounting method called Verified Carbon Standard (VCS) with a scheme that remunerates actual carbon storage. The study finds that payments needed to incentivize additional carbon storage under VCS are higher than under the current carbon accounting scheme. The inefficiency is more pronounced at lower discount rates and recent prices for VCS forest credits are not sufficient to incentivize forest managers to extend rotation cycles.
NATURAL RESOURCE MODELING
(2023)
Article
Economics
Lennart G. Vogelsang, Hans-Peter Weikard, Jantsje M. van Loon-Steensma, Birgit Bednar-Friedl
Summary: Decision-making on adaptation strategies is challenging due to uncertainties surrounding climate change, mitigation strategies, and economic and demographic developments. Nature-based Solutions are being considered as an alternative to traditional measures, but their cost-effectiveness compared to grey alternatives is still uncertain.
WATER RESOURCES AND ECONOMICS
(2023)
Article
Economics
Achim Hagen, Juan-Carlos Altamirano-Cabrera, Hans-Peter Weikard
Summary: This paper examines the effects of political pressure groups on transboundary emissions of individual countries and on the stability of international environmental agreements, finding that lobby activities can potentially facilitate international cooperation to abate global pollution, depending on the distribution of lobby activities across countries and the focus of green lobby groups.
INTERNATIONAL ENVIRONMENTAL AGREEMENTS-POLITICS LAW AND ECONOMICS
(2021)
Article
Business
Erik Ansink, Hans-Peter Weikard, Cees Withagen
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
(2019)
Article
Economics
Hans-Peter Weikard
WATER ECONOMICS AND POLICY
(2019)
Article
Environmental Studies
Aritta Suwarno, Lars Hein, Hans-Peter Weikard, Meine van Noordwijk, Bayu Nugroho
Article
Economics
S. Yu, E. C. van Ierland, H-P Weikard, X. Zhu
INTERNATIONAL ENVIRONMENTAL AGREEMENTS-POLITICS LAW AND ECONOMICS
(2017)
Article
Economics
Irene Alvarado-Quesada, Hans-Peter Weikard
INTERNATIONAL ENVIRONMENTAL AGREEMENTS-POLITICS LAW AND ECONOMICS
(2017)
Article
Economics
Achim Hagen, Pierre von Mouche, Hans-Peter Weikard