on Research of Cournot Market Dynamic Equilibrium Stability under the Condition of Emission Permit Trading
Nowadays, there are many articles about emission trading, but most scholars neglected influence of product market structure which emission trading imposed in discussion of emission trading theory and practice, this is an important problem we must notice. In this paper, we analyze the Nash-equilibrium stability of Cournot market dynamic system. It is showed that Nash-equilibrium loses its stability when parameters such as relative speed of adjusting output, marginal pollution abatement and price of tradable emission changed.
Emission Permits Trading Nash-Equilibrium Oligopoly
Li Fang Li Shou-de
School of Management, Yunnan University of Finance & Economics,Kunming P.R.China, 650221 School of Management, Shanghai Jiaotong University, Shanghai P.R.China, 200052
国际会议
天津
英文
2007-10-20(万方平台首次上网日期,不代表论文的发表时间)