Application of Multi-commodity Market Model for Greenhouse Gases Emission Permits Trading
Greenhouse gases emission permits trading can be modeled using the multi-agent platform for multi-commodity exchange. A simulation of this kind of trade is described in the paper. A party can use one of two strategies to find a good partner to achieve best gain: (i) bilateral trade with a randomly chosen feasible partner, (ii) a tender. In the tender trade, parties submit offers to the current tender operator; the tender operator chooses the offer of the party that maximizes his gain. The results of simulation are presented.
KeywordsEmission Trading Failure Detec Optimal Price Bilateral Negotiation Bilateral Contract
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