A Pareto Optimal Auction Mechanism for Carbon Emission Rights

المؤلفون المشاركون

Wang, Mingxi
Dang, Chuangyin
Wang, Shouyang
Wang, Mingrong

المصدر

Mathematical Problems in Engineering

العدد

المجلد 2014، العدد 2014 (31 ديسمبر/كانون الأول 2014)، ص ص. 1-7، 7ص.

الناشر

Hindawi Publishing Corporation

تاريخ النشر

2014-03-30

دولة النشر

مصر

عدد الصفحات

7

التخصصات الرئيسية

هندسة مدنية

الملخص EN

The carbon emission rights do not fit well into the framework of existing multi-item auction mechanisms because of their own unique features.

This paper proposes a new auction mechanism which converges to a unique Pareto optimal equilibrium in a finite number of periods.

In the proposed auction mechanism, the assignment outcome is Pareto efficient and the carbon emission rights’ resources are efficiently used.

For commercial application and theoretical completeness, both discrete and continuous markets—represented by discrete and continuous bid prices, respectively—are examined, and the results show the existence of a Pareto optimal equilibrium under the constraint of individual rationality.

With no ties, the Pareto optimal equilibrium can be further proven to be unique.

نمط استشهاد جمعية علماء النفس الأمريكية (APA)

Wang, Mingxi& Wang, Mingrong& Dang, Chuangyin& Wang, Shouyang. 2014. A Pareto Optimal Auction Mechanism for Carbon Emission Rights. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-7.
https://search.emarefa.net/detail/BIM-472325

نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)

Wang, Mingxi…[et al.]. A Pareto Optimal Auction Mechanism for Carbon Emission Rights. Mathematical Problems in Engineering No. 2014 (2014), pp.1-7.
https://search.emarefa.net/detail/BIM-472325

نمط استشهاد الجمعية الطبية الأمريكية (AMA)

Wang, Mingxi& Wang, Mingrong& Dang, Chuangyin& Wang, Shouyang. A Pareto Optimal Auction Mechanism for Carbon Emission Rights. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-7.
https://search.emarefa.net/detail/BIM-472325

نوع البيانات

مقالات

لغة النص

الإنجليزية

الملاحظات

Includes bibliographical references

رقم السجل

BIM-472325