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A Pareto Optimal Auction Mechanism for Carbon Emission Rights
2014
Mathematical Problems in Engineering
The carbon emission rights do not fit well into the framework of existing multi-item auction mechanisms because of their own unique features. This paper proposes a new auction mechanism which converges to a unique Pareto optimal equilibrium in a finite number of periods. In the proposed auction mechanism, the assignment outcome is Pareto efficient and the carbon emission rights' resources are efficiently used. For commercial application and theoretical completeness, both discrete and continuous
doi:10.1155/2014/438104
fatcat:arrcp2ewgren3gtnaiklkdau3e