| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10442548 | Technological Forecasting and Social Change | 2012 | 7 Pages |
Abstract
⺠We present a uniform price auction mechanism for auctioning emission rights. ⺠It eliminates many underpricing equilibria. ⺠The arbitrary low equilibrium prices cannot be emerged. ⺠It introduces a new way to reduce the buyers' market power. ⺠Several suggestions on how to induce auction to a desired ideal equilibrium state.
Keywords
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Business and International Management
Authors
Congjun Rao, Yong Zhao, Chuanfeng Li,