Object structure

Title:

Auction-based market for GHG permits

Subtitle:

Raport Badawczy = Research Report ; RB/16/2011

Creator:

Radziszewska, Weronika (1984- ). Autor

Publisher:

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

Place of publishing:

Warszawa

Date issued/created:

2011

Description:

24 pages ; 21 cm ; Bibliography p. 22-23

Subject and Keywords:

Handel emisjami ; Greenhouse gases emission ; Emisja gazów cieplarnianych ; Kyoto protocol ; Emissions trading ; Auction-based market for ghg permits ; Rynek aukcyjny pozwoleń na ghg ; Protokół z kioto

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

Resource Type:

Report

Source:

RB-2011-16

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.


External content

This content is hosted outside the digital library.

Click the link below to view the content.

https://www.ibspan.waw.pl/~alex/OZwRCIN/WA777_114055_RB-2011-16_Auction-Based%20Market%20for%20GHG%20Permits_content.pdf
×

Citation

Citation style: