7Andersen, T. and Bollerslev, T., 1998, Answering the skeptics: Yes, standard volatility models do provide accurate forecasts[J]. International Economic Review, 39: 885- 905.
8Diamond, D. and Verrecchia, R., 1987, Constraints on short-selling and asset price adjustment to private information [ J ]. Journal of Financial Economics, 18:277 - 311.
9Easley, D. and O'Hara, M., 1992, Time and the process of security price adjustment[J]. Journal of Finance, 47:77 - 605.
10Engle, R., 2000, The econometrics of ultra-high frequency data [ J ]. Econometrica, 68: 1 - 22.
1Daskalakis, G.,D. Psychoyios, and R. N. Markellos,Modeing CO2 Emission Allowance Pricesand Derivatives Evidence from the EuropeanTrading Scheme, Working Paper,2007.
2Seifert, Uhrig-Homburg, Marliese Wagner, Michael, Dynamic Behavior of CO2 SpotPrices-Theory and Empirical Evidence.In: Journal of Environmental Economics andManagement,2008,56,180-194.
3Donald F.Larson,Paul Parks.Risks,Lessons Learned,and Secondary Markets for Greenhouse Gas Reductions[R].PolicyResearch Working.
4Paper2090,The World Bank Development Researchroup.Washington D.C,199 Dutschkea. Met al.Value and Risks of Expiring Carbon Credits from CDM Afforestation and Reforestation [R].HWWA Discussion Paper 290-300.