筑波大学社会工学系　　　　　　　　　　　　　　　　　　　　　　　　    

         平成15年度　　ファカルティ・セミナー

                       (Faculty Seminar)

日　時　：　2003年10月30日(木)　　17:30-18:30
場　所　：　第三学群F棟　３F 224
講演者　：　草川　孝夫　[大阪大学大学院 経済学研究科 博士後期課程3年]
司会者　：　金子　守
演 題　：　Two Patterns of Price Dynamics were Observed in Greenhouse Gases  Emissions Trading Experiments: An Application of Point Equilibrium 

                           ＜ abstract ＞

This paper compares efficiencies of double auction and bilateral trading in GHG emission trading experiments with the addition of two rules, abatement irreversibility of GHG emissions and non-compliance penalty, to Hizen and Saijo (1998). Using a new concept of equilibrium, we found that (i) Results were grouped into two cases. In one case, excessive reductions occurred at the early stage of the experiment and efficiency was relatively low. In the other case, excessive reduction did not occur at the early stage of experiment and efficiency was relatively high. (ii) In both cases, efficiency of double auction was higher than that of bilateral trading. (iii) Emissions trading lowered emissions reduction costs. (iv) Excessive emissions reduction occurred in almost all the sessions.