@misc{Horabik-Pyzel_Joanna_Convergence_2004, author={Horabik-Pyzel, Joanna and Nahorski, Zbigniew (1945– )}, copyright={Creative Commons Attribution BY 4.0 license}, address={Warszawa}, journal={Raport Badawczy = Research Report}, howpublished={online}, year={2004}, publisher={Instytut Badań Systemowych. Polska Akademia Nauk}, publisher={Systems Research Institute. Polish Academy of Sciences}, language={eng}, 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".}, title={Convergence of Environmental Market to the Equilibrium: Modification of the Sequential Bilateral Trading Scheme}, type={Text}, URL={http://www.rcin.org.pl/Content/109491/PDF/RB-2004-43.pdf}, }