Application of Multi-commodity Market Model for Greenhouse Gases Emission Permits Trading

  • Zbigniew Nahorski
  • Jarosław Stańczak
  • Piotr Pałka
Part of the Advances in Intelligent and Soft Computing book series (AINSC, volume 121)


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.


Emission Trading Failure Detec Optimal Price Bilateral Negotiation Bilateral Contract 
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Copyright information

© Springer-Verlag GmbH Berlin Heidelberg 2012

Authors and Affiliations

  • Zbigniew Nahorski
    • 1
  • Jarosław Stańczak
    • 1
  • Piotr Pałka
    • 2
  1. 1.Systems Research InstitutePolish Academy of SciencesKrakówPoland
  2. 2.Institute of Control and Computation EngineeringWarsaw University of TechnologyWarsawPoland

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