<abstract xmlns="http://www.w3.org/1999/xhtml">This article describes the problem of simulation of the CO2 emission permits market. First, it introduces a CO2 permission market model with transactions and purchase prices, in particular with a separate goal function for each party, 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. The behavior of such market model is simulated using a method, which is based on a specialized evolutionary method but introduces independent agents with their own transaction preferences.</abstract>

This article describes the problem of simulation of the CO2 emission permits market. First, it introduces a CO2 permission market model with transactions and purchase prices, in particular with a separate goal function for each party, 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. The behavior of such market model is simulated using a method, which is based on a specialized evolutionary method but introduces independent agents with their own transaction preferences.

Agent-Based Evolutionary Method of Simulation the Co2 Emission Permits Market

Systems Research Institute, Polish Academy of Sciences, Warsaw, Poland

Foundations of Computing and Decision Sciences

Agent-Based Evolutionary Method of Simulation the Co Emission Permits Market

This article describes the problem of simulation of the CO2 emission permits market. First, it introduces a CO2 permission market model with transactions and...

Agent-Based Evolutionary Method of Simulation the Co₂ Emission Permits Market

Published Online: Dec 04, 2013

Page range: 251 - 265

DOI: https://doi.org/10.2478/fcds-2013-0012

This content is open access.