Metadata language
Simulation of an uncertain emission market for greenhouse gases using agent-based methods
Subtitle:Raport Badawczy = Research Report ; RB/26/2013
Creator:Nahorski, Zbigniew (1945– ) ; Pałka, Piotr ; Stańczak, Jarosław
Publisher:Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences
Place of publishing: Date issued/created: Description:[27] stron ; 21 cm ; Bibliografia s. [24-27]
Subject and Keywords:Systemy wieloagentowe ; Handel emisjami ; Negotiations ; Negocjacje ; Niepewność ; Emisja gazów cieplarnianych ; Emission permits trading ; Uncertainty ; Greenhouse gas emissions ; Market simulation ; Multi-agent systems ; Symulacja rynku
Abstract:The paper presents the problem of a simulation of the greenhouse gases emission permits market where only low accuracy emission amounts are known. An organization of the market with uncertain emissions is proposed and trading rules for individual market participants are discussed. Simulation of the market is based on a multi-agent system. Negotiation of purchase/sale process between the parties are introduced, where the trading parties adopt one of two options: (i) bilateral negotiations, and (ii) sealed bid reverse auctions. Results of simulation runs show trajectories of transaction process, as well as probability distributions of learning agent’s bidding prices.
Relation:Raport Badawczy = Research Report
Resource type: Detailed Resource Type: Source: Language: Language of abstract: 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
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