{"id":"https://openalex.org/W2091734370","doi":"https://doi.org/10.1016/j.qref.2011.07.004","title":"Carbon Financial Instruments, thin trading, and volatility: Evidence from the Chicago Climate Exchange","display_name":"Carbon Financial Instruments, thin trading, and volatility: Evidence from the Chicago Climate Exchange","publication_year":2011,"publication_date":"2011-08-03","ids":{"openalex":"https://openalex.org/W2091734370","doi":"https://doi.org/10.1016/j.qref.2011.07.004","mag":"2091734370"},"language":"en","primary_location":{"id":"doi:10.1016/j.qref.2011.07.004","doi":"https://doi.org/10.1016/j.qref.2011.07.004","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.qref.2011.07.004","pdf_url":null,"source":{"id":"https://openalex.org/S125273398","display_name":"The Quarterly Review of Economics and Finance","issn_l":"1062-9769","issn":["1062-9769","1878-4259"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Quarterly Review of Economics and Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2556977","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5041675367","display_name":"Omid Sabbaghi","orcid":"https://orcid.org/0000-0002-6361-8866","observed_orcids":["https://orcid.org/0000-0002-6361-8866"]},"institutions":[{"id":"https://openalex.org/I71792333","display_name":"University of Detroit Mercy","ror":"https://ror.org/0037qsh65","country_code":"US","type":"education","lineage":["https://openalex.org/I71792333"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Omid Sabbaghi","raw_affiliation_strings":["College of Business Administration, University of Detroit Mercy, 4001 W. McNichols Road, Detroit, MI 48221, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business Administration, University of Detroit Mercy, 4001 W. McNichols Road, Detroit, MI 48221, USA","institution_ids":["https://openalex.org/I71792333"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5059702196","display_name":"Navid Sabbaghi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I180949307","display_name":"Illinois Institute of Technology","ror":"https://ror.org/037t3ry66","country_code":"US","type":"education","lineage":["https://openalex.org/I180949307"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Navid Sabbaghi","raw_affiliation_strings":["Stuart School of Business, Illinois Institute of Technology, 565 West Adams Street, Chicago, IL 60616, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Stuart School of Business, Illinois Institute of Technology, 565 West Adams Street, Chicago, IL 60616, USA","institution_ids":["https://openalex.org/I180949307"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5041675367"],"corresponding_institution_ids":["https://openalex.org/I71792333"],"apc_list":{"value":2740,"currency":"USD","value_usd":2740},"apc_paid":null,"fwci":0.5119,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":{"value":0.77202061,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"51","issue":"4","first_page":"399","last_page":"407"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9574999809265137,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9574999809265137,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.0142000000923872,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.011500000022351742,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/chicago-climate-exchange","display_name":"Chicago Climate Exchange","score":0.8859999775886536},{"id":"https://openalex.org/keywords/thin-trading","display_name":"thin trading","score":0.9290000200271606},{"id":"https://openalex.org/keywords/volatility-dynamics","display_name":"volatility dynamics","score":0.7129999995231628},{"id":"https://openalex.org/keywords/emissions-trading","display_name":"emissions trading","score":0.531000018119812},{"id":"https://openalex.org/keywords/garch-models","display_name":"GARCH models","score":0.7409999966621399},{"id":"https://openalex.org/keywords/carbon-permits","display_name":"carbon permits","score":0.46399998664855957},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.34200000762939453}],"concepts":[{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7754523754119873},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5782676935195923},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.5083634257316589},{"id":"https://openalex.org/C23922673","wikidata":"https://www.wikidata.org/wiki/Q180752","display_name":"Autoregressive conditional heteroskedasticity","level":3,"score":0.47273245453834534},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.44871264696121216},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.37419402599334717},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3576376438140869},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.32950571179389954}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.qref.2011.07.004","doi":"https://doi.org/10.1016/j.qref.2011.07.004","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.qref.2011.07.004","pdf_url":null,"source":{"id":"https://openalex.org/S125273398","display_name":"The Quarterly Review of Economics and Finance","issn_l":"1062-9769","issn":["1062-9769","1878-4259"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Quarterly Review of Economics and Finance","raw_type":"journal-article"},{"id":"mag:3122636481","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2556977","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:eee:quaeco:v:51:y:2011:i:4:p:399-407","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S1062976911000275","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"mag:3122636481","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2556977","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[{"score":0.9786999821662903,"display_name":"Climate action","id":"https://metadata.un.org/sdg/13"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W1560849420","https://openalex.org/W1586900592","https://openalex.org/W1966910378","https://openalex.org/W1971011371","https://openalex.org/W1979575715","https://openalex.org/W1984547609","https://openalex.org/W1990701202","https://openalex.org/W1991722891","https://openalex.org/W1999029409","https://openalex.org/W2005424182","https://openalex.org/W2017381728","https://openalex.org/W2019261673","https://openalex.org/W2019810426","https://openalex.org/W2031796872","https://openalex.org/W2039932642","https://openalex.org/W2047822560","https://openalex.org/W2082732165","https://openalex.org/W2088466249","https://openalex.org/W2090268625","https://openalex.org/W2110348891","https://openalex.org/W2134752891","https://openalex.org/W2142635246","https://openalex.org/W2146855196","https://openalex.org/W2151462549","https://openalex.org/W2153146814","https://openalex.org/W2486563685","https://openalex.org/W3009056495","https://openalex.org/W3121956658","https://openalex.org/W3122175640","https://openalex.org/W3125368651"],"related_works":["https://openalex.org/W2001191362","https://openalex.org/W2981104798","https://openalex.org/W4285243417","https://openalex.org/W2896597937","https://openalex.org/W2983993531","https://openalex.org/W2364781510","https://openalex.org/W2350064856","https://openalex.org/W4376137679","https://openalex.org/W2987277625","https://openalex.org/W4309173332"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
