The Study on the Effect of Shadow Price in Emission Trading
Shadow price reflects the real value of the resource in the specific economic system. It embodies the degree of the scarcity of resource. Emission right refers to the emission permits for firms to discharge pollutants into external environment, which indicates the behavior for firms to occupy environmental resources. Emission trading commercializes environmental resources and promotes the re-allocation of environmental resources in the whole society. The shadow price theory is used to analyze and explore the application of shadow price in the initial allocation and market trading of emission trading. In the end it summarizes the changing characters of the shadow price of emission right and its role in environmental policy.
emission righ shadow price initial allocation
Yin Zhiping Wang Xianjia
Institute of Systems Engineering, Wuhan University,Technology Wuhan, P.R.China,School of Management, Institute of Systems Engineering, Wuhan University,Wuhan, P.R.China,School of Economics and Manageme
国际会议
成都
英文
514-516
2010-07-09（万方平台首次上网日期，不代表论文的发表时间）