But hedge funds only exist where there is an efficient market with risks to
hedge against. What would anyone buy emissions credits to hedge against?
On 2/23/07, Rich Blinne <rich.blinne@gmail.com> wrote:
>
>
>
> On 2/23/07, David Opderbeck <dopderbeck@gmail.com> wrote:
> >
> > This is off the top of my head though. Any research links into whether
> > an exchange without central control would work for emissions credits? (I'm
> > trying to think of a better parallel than currency markets -- maybe real
> > estate markets?)
> >
>
> Think hedge funds because there is a smaller number of bigger players. It
> is also a good analogy because it is a modified form of arbitrage.
> Capitalism can still work even when markets are not completely efficient.
>
>
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Received on Fri Feb 23 12:13:43 2007
This archive was generated by hypermail 2.1.8 : Fri Feb 23 2007 - 12:13:43 EST