Studying the effects of CO2 emissions trading on the electricity market - A multi-agent-based approach
Weidlich, Anke
;
Sensfuß, Frank
;
Genoese, Massimo
;
Veit, Daniel J.
URL:
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http://www.springerlink.com/content/k1517477630816...
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Dokumenttyp:
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Buchkapitel
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Erscheinungsjahr:
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2008
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Buchtitel:
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Emissions Trading : Institutional Design, Decision Making and Corporate Strategies
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Seitenbereich:
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91-101
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Herausgeber:
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Antes, Ralf
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Ort der Veröffentlichung:
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New York, NY
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Verlag:
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Springer
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ISBN:
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978-0-387-73652-5
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Sprache der Veröffentlichung:
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Englisch
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Einrichtung:
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Fakultät für Betriebswirtschaftslehre > Dieter-Schwarz-Stiftungslehrstuhl für ABWL, E-Business u. E-Government (Veit 2006-2013)
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Fachgebiet:
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330 Wirtschaft
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Freie Schlagwörter (Englisch):
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Agent-based computational economics (ACE) , liberalized electricity markets , multi-agent-based simulation , emissions trading , CO2 allowance markets
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Abstract:
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In this paper, we present a basic approach for modelling
electricity and emissions markets under the paradigm of agent-based
computational economics (ACE). Different market players will be modelled as
independent entities using au- tonomous software agents; they operate and
communicate independently on the power market and the market for emission
allowances. The agent types involved and their relationships are described.
The aim of the model is to investigate the in- terplay between the market
players, with a focus lying on the dynamics in a market for CO2 emission
allowances and its effects on the electricity market. Simulations with this
model will enable us to draw conclusions about the economic efficiency of
different possible emissions trading options. These findings can possibly
help deci- sion makers to evaluate the testing phase of the EU emissions
trading scheme (from 2005 to 2007) in a qualified way.
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