Dynamic Model of Common-pool Emission Permit Market as a Method for Solving the Persistent Pollutant Problem

Autor:	Rudolf Sivák, Keith Willett, Anetta Caplanova
Rok vydání:	2021
Předmět:	Set (abstract data type) Pollutant Economics and Econometrics 050208 finance Sociology and Political Science Operations research Computer science 0502 economics and business 05 social sciences Air pollution medicine 050207 economics medicine.disease_cause
Zdroj:	Politická ekonomie. 69:273-297
ISSN:	2336-8225 0032-3233
DOI:	10.18267/j.polek.1317
Popis:	Dynamic Model of Common-pool Emission Permit Market as a Method for Solving the Persistent Pollutant Problem In the paper, we develop a common-pool permit market formulated as a dynamic gross pool for trading emission discharge permits (EDPs) for persistent pollutants. We discuss individual agents' demand decisions concerning EDPs and develop a common-pool market dynamic gross pool formulation, including a general set of marginal-cost pricing rules used in this type of permit trading market. Numerical simulations are used to illustrate the usefulness of this type of permit market design for addressing environmental problems.
Databáze:	OpenAIRE
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