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.

Document Type: Book chapter
Year of publication: 2008
Book title: Emissions Trading : Institutional Design, Decision Making and Corporate Strategies
Page range: 91-101
Publisher: Antes, Ralf
Place of publication: New York, NY
Publishing house: Springer
ISBN: 978-0-387-73652-5
Publication language: English
Institution: Business School > Dieter-Schwarz-Stiftungslehrstuhl für ABWL, E-Business u. E-Government (Veit 2006-2013)
Subject: 330 Economics
Keywords (English): Agent-based computational economics (ACE) , liberalized electricity markets , multi-agent-based simulation , emissions trading , CO2 allowance markets
Abstract: 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.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Metadata export


+ Search Authors in

+ Page Views

Hits per month over past year

Detailed information

You have found an error? Please let us know about your desired correction here: E-Mail

Actions (login required)

Show item Show item