The Alberta carbon market : an exploration of alternative policy options through agent-based modeling

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dc.contributor.authorAiyegbusi, Olufemi
dc.contributor.supervisorYalamova, Rossitsa
dc.date.accessioned2014-06-03T16:54:00Z
dc.date.available2014-06-03T16:54:00Z
dc.date.issued2012
dc.degree.levelMastersen_US
dc.descriptionvii, 155 leaves ; 29 cmen_US
dc.description.abstractOur study examines some design alternatives for a carbon market by exploring the fledgling Alberta carbon market. We attempt to evaluate the performance of these designs on the bases of trade volume, cost efficiency and stability. To achieve this we construct an empirically-calibrated but simple agent-based model, certain aspects of which we selectively modify to incorporate various design options. We make comparisons among these options based on data simulated from the ensuing family of models. We find strong evidence that in general, market design features such as source-of-credits, the scale of the market, and pricing-mechanism are very important considerations that influence the performance of the market. In addition, we find support for the notion that the level of the price cap relative to the average cost of abatement in the market matters, and beyond a threshold, higher price caps are associated with lower levels of performance.en_US
dc.identifier.urihttps://hdl.handle.net/10133/3434
dc.language.isoen_CAen_US
dc.proquestyesNoen_US
dc.publisherLethbridge, Alta. : University of Lethbridge, Faculty of Management, c2012en_US
dc.publisher.facultyManagementen_US
dc.relation.ispartofseriesThesis (University of Lethbridge. Faculty of Management)en_US
dc.subjectCarbon offsetting -- Economic aspects -- Albertaen_US
dc.subjectEmissions trading -- Research -- Albertaen_US
dc.subjectMultiagent systems -- Mathematical modelsen_US
dc.titleThe Alberta carbon market : an exploration of alternative policy options through agent-based modelingen_US
dc.typeThesisen_US
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