Carbon-trading market has uncertain future

The Economic Geography of European Carbon Market Trading

Market power in a storable-good market: Theory and applications to carbon and sulfur trading

We consider a market for storable pollution permits in which a large agent and a fringe of small agents gradually consume a stock of permits until they reach a long-run emissions limit. The subgame-perfect equilibrium exhibits no market power unless the large agent’s share of the initial stock of permits exceeds a critical level. We then apply our theoretical results to a global market for carb...

Electricity Market Design for a Low-carbon Future

P E Baker, Prof: C Mitchell and Dr B Woodman October 2010 T H E U K E N E R G Y R E S E A R C H C E N T R E The UK Energy Research Centre carries out world-class research into sustainable future energy systems. It is the hub of UK energy research and the gateway between the UK and the international energy research communities. Our interdisciplinary, whole systems research informs UK policy deve...

Decimal Trading and Market Impact

Using high-frequency data and a carefully constructed 1-1 matched sample of control (non decimal) stocks, we isolate the effects of decimalization for a sample of NYSE-listed common stocks trading in decimals. We find that both quoted and effective bid-ask spreads and depths have declined significantly following decimalization. Both trades and trading volume have declined significantly in all t...

Intelligent trading agent for power trading through tariff market

The master thesis describes an intelligent agent developed for power trading in the tar-iff market. First, the theoretical background related to the motivation for switching fromtraditional grids to Smart Grids is presented. The thesis continues with the simulation plat-forms for agents and the key implications of real-world tariff design and principles. Lastly,the complete arch...