How Long to Read A Forward-Backward SDEs Approach to Pricing in Carbon Markets

How Long Does it Take to Read A Forward-Backward SDEs Approach to Pricing in Carbon Markets?

It takes the average reader 1 hour and 45 minutes to read A Forward-Backward SDEs Approach to Pricing in Carbon Markets by Jean-François Chassagneux

Assuming a reading speed of 250 words per minute. Learn more

Description

In Mathematical Finance, the authors consider a mathematical model for the pricing of emissions permits. The model has particular applicability to the European Union Emissions Trading System (EU ETS) but could also be used to consider the modeling of other cap-and-trade schemes. As a response to the risk of Climate Change, carbon markets are currently being implemented in regions worldwide and already represent more than $30 billion. However, scientific, and particularly mathematical, studies of these carbon markets are needed in order to expose their advantages and shortcomings, as well as allow their most efficient implementation. This Brief reviews mathematical properties such as the existence and uniqueness of solutions for the pricing problem, stability of solutions and their behavior. These fit into the theory of fully coupled forward-backward stochastic differential equations (FBSDEs) with irregular coefficients. The authors present a numerical algorithm to compute the solution to these non-standard FBSDEs. They also carry out a case study of the UK energy market. This involves estimating the parameters to be used in the model using historical data and then solving a pricing problem using the aforementioned numerical algorithm. The Brief is of interest to researchers in stochastic processes and their applications, and environmental and energy economics. Most sections are also accessible to practitioners in the energy sector and climate change policy-makers.

How long is A Forward-Backward SDEs Approach to Pricing in Carbon Markets?

A Forward-Backward SDEs Approach to Pricing in Carbon Markets by Jean-François Chassagneux is 104 pages long, and a total of 26,416 words.

This makes it 35% the length of the average book. It also has 32% more words than the average book.

How Long Does it Take to Read A Forward-Backward SDEs Approach to Pricing in Carbon Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 24 minutes to read A Forward-Backward SDEs Approach to Pricing in Carbon Markets aloud.

What Reading Level is A Forward-Backward SDEs Approach to Pricing in Carbon Markets?

A Forward-Backward SDEs Approach to Pricing in Carbon Markets is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy A Forward-Backward SDEs Approach to Pricing in Carbon Markets?

A Forward-Backward SDEs Approach to Pricing in Carbon Markets by Jean-François Chassagneux is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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