Object structure

Title:

Simulation of an Uncertain Emission Market for Greenhouse Gases Using Agent-Based Methods

Subtitle:

Raport Badawczy = Research Report ; RB/26/2013

Creator:

Nahorski, Zbigniew Tadeusz. Autor ; Stańczak, Jarosław. Autor ; Pałka, Piotr. Autor

Publisher:

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

Place of publishing:

Warszawa

Date issued/created:

2013

Description:

36 pages ; 21 cm ; Bibliography p. 36

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:

Report

Source:

RB-2013-26

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.

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