Title :
Multi-agent based simulation of carbon emissions trading market in China
Author :
Hongmei Deng ; Zhimin Chen ; Yanchun Pan ; Ming Zhou ; Meirong Zhou
Author_Institution :
Coll. of Manage., Shenzhen Univ., Shenzhen, China
Abstract :
With the development of international carbon emissions trading market, the establishment of carbon trading market is an inevitable trend in China. This research aims to analyze a hypothesized carbon emissions trading market by using multi-agent based system simulation. Multi-agent based modeling simulates the behaviors of interacting and autonomous agents and their impact. In our study, the software-Anylogic© is used to build a model which contained 100 agents (enterprises) interacting with one another in an emission-quote trading market as autonomous decision makers. These agents act as buyers or sellers. A market-control agent directs the trading between the buyer and seller agents and enables a market mechanism with dynamic auction.
Keywords :
decision making; digital simulation; environmental economics; environmental science computing; multi-agent systems; Anylogic; China; autonomous agents; autonomous decision maker; buyer agents; dynamic auction; emission-quote trading market; interacting agents; international carbon emissions trading market; market-control agent; multiagent based simulation; seller agents; Adaptation models; Carbon; Carbon dioxide; Companies; Global warming; Government; Meteorology; cap-and-trade; carbon trading market; carbon-emission reduction; multi-agent modeling and simulation;
Conference_Titel :
Service Systems and Service Management (ICSSSM), 2013 10th International Conference on
Conference_Location :
Hong Kong
Print_ISBN :
978-1-4673-4434-0
DOI :
10.1109/ICSSSM.2013.6602584
