Market Efficiency and the U.S. Market for Sulfur Dioxide Allowances – Working Paper Series, Congressional Budget Office, 2014-01, by Claudia Hitaj and Andrew Stocking. January 27, 2014. “Focusing on the U.S. sulfur dioxide (SO2) allowance market from its inception (in 1994) to 2009, we model allowance prices to determine the influence of market fundamentals—such as prices… Continue Reading