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1 个结果
  • 简介:UnliketheEuropeanUnionemissiontradesystem(EUETS),ChinaspilotETSsimplementeddiversifiedpolicydesignsinsteadofusingauniformframework.VarianceratiotestisusedtoevaluatetheEfficientMarketHypothesis(EMH)inChina’scarbontradingmarkets.TheresultsoftwoversionsofvarianceratiotestsindicatethatthecarbontradingmarketinHubeiisconsideredweakformefficient,andthesocialistmarketeconomydoesnotnecessarilyleadtomarketinefficiencyincarbontradingmarkets.ThintradingactivitiesgeneratemarketfrictionsandbiastheEfficientMarketHypothesis(EMH)tests.

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