Title:

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

Subtitle:

Raport Badawczy = Research Report ; RB/43/2004

Creator:

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

Publisher:

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

Place of publishing:

Warszawa

Date issued/created:

2004

Description:

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

Abstract:

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".

Relation:

Raport Badawczy = Research Report

Resource type:

Text

Detailed Resource Type:

Report

Source:

RB-2004-43

Language:

eng

Language of abstract:

eng

Rights:

Creative Commons Attribution BY 4.0 license

Terms of use:

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: ; -

Digitizing institution:

Systems Research Institute of the Polish Academy of Sciences

Original in:

Library of Systems Research Institute PAS

Projects co-financed by:

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.

Access:

Open