Leon Vinokur

Environmental Economics, EU Emission Trading Scheme, Energy markets, Financial Economics. My research is on environmental policy of the EU with an emphasis on the UK. In my thesis I conduct a cost-benefit analysis of the environmental policy in the EU. I focus on decision-making under uncertainty. I also assess econometrically the disposition effect in the carbon market using an intra-daily data. In addition, I analyse the theoretical impact of the Kyoto mechanisms on the production incentives in the market. Specifically, I analyse how the uncertainty of the Policy, after the Kyoto protocol expires, affects the current emissions rate of the producers.