Application of an evolutionary algorithm to simulation of the CO2 emission permits market with purchase prices

Jarosław Stańczak (stanczak@ibspan.waw.pl)

Operations Research and Decisions, 2009, vol. 19, issue 4, 93-108

Abstract: This article describes the problem of the CO2 emission permits market and introduces several important changes to the standard model, in particular a new goal function, transactions with price negotiations between regions and - as a consequence of introducing prices for permits – the possibility of investigating the influence of purchase/sale prices on the market. An additional novelty is the method of simulating such a market, which is based on a specialized evolutionary algorithm (EA).

Keywords: emission permits trading; Kyoto Protocol; evolutionary algorithm (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:wut:journl:v:4:y:2009:p:93-108:id:148

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