Analysis of Emissions Permits Markets with Bilateral Oligopoly Models
| Project/Area Number |
24530271
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Applied economics
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| Research Institution | Musashi University |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2015-03-31
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| Project Status |
Completed (Fiscal Year 2014)
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| Budget Amount *help |
¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000)
Fiscal Year 2014: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2013: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
Fiscal Year 2012: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Keywords | 環境経済学 / 排出権市場 / 市場支配力 / 双方寡占 / 産業組織論 / 経済政策 / 経済理論 / 経済実験 |
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| Outline of Final Research Achievements |
An application of a bilateral oligopoly model to an emissions permits market where every trader can exert market power indicates that market power and economic efficiency depend on abatement costs and the initial allocation of permits. The theoretical feature of the bilateral oligopoly model is consistent with the results of laboratory experiments that let subjects trade permits under various scenarios on abatement costs and initial allocation of permits.
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Report
(4 results)
Research Products
(6 results)
