2014 Fiscal Year Final Research Report
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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| 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 |
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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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| Free Research Field |
経済学
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