Analysis of the Effect of the Initial Emission Permits Allocation on Market Power

被引：0
|
作者：
Zhao Wen-hui [1 ]
Gao Yan [2 ]
Dai Tian-Sheng [2 ]
机构：
[1] Shanghai Univ Elect Power, Sch Management & Humanity, Shanghai, Peoples R China
[2] Univ Shanghai Sci & Technol, Sch Management, Shanghai, Peoples R China
来源：
2007 INTERNATIONAL CONFERENCE ON WIRELESS COMMUNICATIONS, NETWORKING AND MOBILE COMPUTING, VOLS 1-15 | 2007年
基金：
美国国家科学基金会;
关键词：
effect; initial distribution; market power; tradable emission permits; threshold;
D O I：
暂无
中图分类号：
TP39 [计算机的应用];
学科分类号：
081203 ; 0835 ;
摘要：
This paper offers an analytical model of emission permit markets in which a large number of regulated emitter participate, and derives formulae that shows the entire dependence of the emergence of market power on the permit initial distribution as well as the existence of a threshold for effective market power. Furthermore, the model we derived yields formulae that estimate how much permit prices in such distorted markets depart from competitive levels. These findings not only show the significance of initial emission permits but also are available for emission trading.
引用
收藏
页码：5033 / +
页数：2
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