Place of publishing:
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’.
Detailed Resource Type:
Language of abstract:
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.
This content is hosted outside the digital library.
Click the link below to view the content.https://www.ibspan.waw.pl/~alex/OZwRCIN/WA777_137517_RB-2004-43_Convergence of Environmental Market to the Equilibrium: Modification of the Sequential Bilateral Trading Scheme_content.pdf