Research Article
Convenience Yield Value of International Emission Allowance Based on Call Options
Table 1
Statistical description of monthly options value of convenience yield of emission allowance.
| Convenience yield | Mean | Maximum | Minimum | Standard deviation |
| | 0.1886 | 1.6670 | 0.0019 | 0.3109 | | 0.1960 | 2.1288 | −0.0004 | 0.3882 | | 0.1559 | 2.3885 | −0.0012 | 0.4291 | | 0.1389 | 1.8049 | −0.0015 | 0.3549 | | 0.1392 | 1.5784 | −0.0002 | 0.3244 |
|
|