HAL Id: hal-00473727
https://hal.archives-ouvertes.fr/hal-00473727
Preprint submitted on 16 Apr 2010
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Testing the Martingale Difference Hypothesis in the EU
ETS Markets for the CO2 Emission Allowances:
Evidence from Phase I and Phase II
Amélie Charles, Olivier Darné, Jessica Fouilloux
To cite this version:
Amélie Charles, Olivier Darné, Jessica Fouilloux. Testing the Martingale Difference Hypothesis in the EU ETS Markets for the CO2 Emission Allowances: Evidence from Phase I and Phase II. 2010. �hal-00473727�
EA 4272
Testing the Martingale Difference
Hypothesis in the EU ETS Markets
for the CO2 Emission Allowances:
Evidence from Phase I and Phase II
Amélie Charles (*)
Olivier Darné (**)
Jessica Fouilloux (***)
2010/19
(*) AUDENCIA - Ecole de Management - Nantes (**) LEMNA – Université de Nantes
(***) CREM – Université de Rennes 1
Laboratoire d’Economie et de Management Nantes-Atlantique Université de Nantes
Chemin de la Censive du Tertre – BP 52231 44322 Nantes cedex 3 – France www.univ-nantes.fr/iemn-iae/recherche Tél. +33 (0)2 40 14 17 17 – Fax +33 (0)2 40 14 17 49
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