Environmental policy and electricity spot markets
β Scribed by Gordon Edge
- Publisher
- Elsevier Science
- Year
- 1992
- Tongue
- English
- Weight
- 716 KB
- Volume
- 2
- Category
- Article
- ISSN
- 0957-1787
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The development and introduction of the quasi-market approach for the provision of nature conservation is an important moment for agri-environmental policy. The previously inalienable right of farmers to receive financial support has been removed. An example of this approach to policy in the UK is d
## Abstract This article studies how the spotβfutures conditional covariance matrix responds to positive and negative innovations. The main results of the article are achieved by obtaining the Volatility Impulse Response Function (VIRF) for asymmetric multivariate GARCH structures, extending Lin (1