Tytuł:

Convergence of Environmental Market to the Equilibrium: Modification of the Sequential Bilateral Trading Scheme

Inny tytuł:

Raport Badawczy = Research Report ; RB/43/2004

Twórca:

Horabik-Pyzel, Joanna ; Nahorski, Zbigniew (1945– )

Wydawca:

Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences

Miejsce wydania:

Warszawa

Data wydania/powstania:

2004

Opis:

11 pages ; 21 cm ; Bibliography p. 10-11

Abstrakt:

In the paper, a modified version of the sequential bilateral trading scheme is proposed - it includes selection of the best partner. Market dynamics is analysed. Simulation results performed on the carbon market show that the modified procedure converges to the equilibrium point much faster than the original scheme. Moreover, the trajectories of permits traded are characterized with smaller variance. Generally, market can be described as a more "compact".

Czasopismo/Seria/cykl:

Raport Badawczy = Research Report

Typ zasobu:

Text

Szczegółowy typ zasobu:

Report

Źródło:

RB-2004-43

Język:

eng

Język streszczenia:

eng

Prawa:

Creative Commons Attribution BY 4.0 license

Zasady wykorzystania:

Copyright-protected material. [CC BY 4.0] May be used within the scope specified in Creative Commons Attribution BY 4.0 license, full text available at: ; -

Digitalizacja:

Systems Research Institute of the Polish Academy of Sciences

Lokalizacja oryginału:

Library of Systems Research Institute PAS

Dofinansowane ze środków:

Operational Program Digital Poland, 2014-2020, Measure 2.3: Digital accessibility and usefulness of public sector information; funds from the European Regional Development Fund and national co-financing from the state budget.

Dostęp:

Open