Subtitle:

Raport Badawczy = Research Report ; RB/16/2011

Publisher:

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

Place of publishing:

Warszawa

Description:

24 stron ; 21 cm ; Bibliografia s. 22-23

Abstract:

This paper presents an auction-based dynamic trading scheme for CO2 emission permits market is presented, it doesn’t require to publish abatement costs and reaches the optimal distribution of traded permits among parties taking part in it. It is modelled using multi-agent approach, where each participant is represented as an autonomous agent aiming at fulfilling its egoistic goal. The trading session consist of the sequence of English auctions where small amounts of permits is sold at a time. Presented schema allows participants to pay directly after the end of each auction so the price per permit is dynamically adjusted to the actual costs of the parties and there are less incentives to leave the trading prematurely. This paper presents an auction-based dynamic trading scheme for CO2 emission permits market is presented, it doesn’t require to publish abatement costs and reaches the optimal distribution of traded permits among parties taking part in it. It is modelled using multi-agent approach, where each participant is represented as an autonomous agent aiming at fulfilling its egoistic goal. The trading session consist of the sequence of English auctions where small amounts of permits is sold at a time. Presented schema allows participants to pay directly after the end of each auction so the price per permit is dynamically adjusted to the actual costs of the parties and there are less incentives to leave the trading prematurely.

Relation:

Raport Badawczy = Research Report

Detailed Resource Type:

Raport

Resource Identifier:

oai:rcin.org.pl:101709

Source:

RB-2011-16

Language:

eng

Language of abstract:

eng

Rights:

Licencja Creative Commons Uznanie autorstwa 4.0

Terms of use:

Zasób chroniony prawem autorskim. [CC BY 4.0 Międzynarodowe] Korzystanie dozwolone zgodnie z licencją Creative Commons Uznanie autorstwa 4.0, której pełne postanowienia dostępne są pod adresem: ; -

Digitizing institution:

Instytut Badań Systemowych Polskiej Akademii Nauk

Original in:

Biblioteka Instytutu Badań Systemowych PAN

Projects co-financed by:

Program Operacyjny Polska Cyfrowa, lata 2014-2020, Działanie 2.3 : Cyfrowa dostępność i użyteczność sektora publicznego; środki z Europejskiego Funduszu Rozwoju Regionalnego oraz współfinansowania krajowego z budżetu państwa

Access:

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