Table of Contents Author Guidelines Submit a Manuscript
Discrete Dynamics in Nature and Society
Volume 2014, Article ID 135818, 7 pages
http://dx.doi.org/10.1155/2014/135818
Research Article

Carbon Market Regulation Mechanism Research Based on Carbon Accumulation Model with Jump Diffusion

1School of Economics, Central University of Finance and Economics, Beijing 100081, China
2School of Management, University of Chinese Academy of Sciences, Beijing 100190, China
3School of Economics and Management, Beihang University, Beijing 100083, China

Received 13 March 2014; Accepted 6 May 2014; Published 22 May 2014

Academic Editor: Chuangxia Huang

Copyright © 2014 Dongmei Guo et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Linked References

  1. M. Weitzman, “Prices versus quantities,” Review of Economic Studies, vol. 41, pp. 477–491, 1974. View at Google Scholar
  2. W. A. Pizer, “Combining price and quantity controls to mitigate global climate change,” Journal of Public Economics, vol. 85, no. 3, pp. 409–434, 2002. View at Publisher · View at Google Scholar · View at Scopus
  3. D. L. Kelly, “Price and quantity regulation in general equilibrium,” Journal of Economic Theory, vol. 125, no. 1, pp. 36–60, 2005. View at Publisher · View at Google Scholar · View at Scopus
  4. F. Wirl, “Global warming: prices versus quantities from a strategic point of view,” Journal of Environmental Economics and Management, vol. 64, pp. 217–229, 2012. View at Google Scholar
  5. W. A. Pizer, “The optimal choice of climate change policy in the presence of uncertainty,” Resource and Energy Economics, vol. 21, no. 4, pp. 255–287, 1999. View at Google Scholar · View at Scopus
  6. H. D. Jacoby and A. D. Ellerman, “The safety valve and climate policy,” Energy Policy, vol. 32, no. 4, pp. 481–491, 2004. View at Publisher · View at Google Scholar · View at Scopus
  7. D. Burtraw, K. Palmer, and D. Kahn, “A symmetric safety valve,” Energy Policy, vol. 38, no. 9, pp. 4921–4932, 2010. View at Publisher · View at Google Scholar · View at Scopus
  8. G. F. Nemet, “Robust incentives and the design of a climate change governance regime,” Energy Policy, vol. 38, no. 11, pp. 7216–7225, 2010. View at Publisher · View at Google Scholar · View at Scopus
  9. C. Philibert, “Assessing the value of price caps and floors,” Climate Policy, vol. 9, no. 6, pp. 612–633, 2009. View at Publisher · View at Google Scholar · View at Scopus
  10. T. Pizer and W. A. Marika, Managing Costs in a U.S. Greenhouse Gas Trading Program: A Workshop Summary, 2008.
  11. T. Requate and W. Unold, “On the incentives created by policy instruments to adopt advanced abatement technology if firms are asymmetric,” Journal of Institutional and Theoretical Economics, vol. 157, no. 4, pp. 536–554, 2001. View at Publisher · View at Google Scholar · View at Scopus
  12. D. M. Guo, S. Y. Wang, and B. J. Zhang, “Research on regulatory mechanism in Chinese carbon finance market: quantity instruments or price instruments?” Working Paper.
  13. K. Borovkov, G. Decrouez, and J. Hinz, “Jump-diffusion modeling in emission markets,” Stochastic Models, vol. 27, no. 1, pp. 50–76, 2011. View at Publisher · View at Google Scholar · View at Scopus
  14. R. C. Merton, “Option pricing when underlying stock returns are discontinuous,” Journal of Financial Economics, vol. 3, no. 1-2, pp. 125–144, 1976. View at Google Scholar · View at Scopus
  15. M. Chesney and L. Taschini, “The endogenous price dynamics of emission allowances and an application to CO2 option pricing,” Applied Mathematical Finance, vol. 19, no. 5, pp. 447–475, 2012. View at Google Scholar
  16. C. X. Huang, X. Gong, X. H. Chen, and F. H. Wen, “Measuring and forecasting volatility in Chinese stock market using HAR-CJ-M model,” Abstract and Applied Analysis, vol. 2013, Article ID 143194, 13 pages, 2013. View at Publisher · View at Google Scholar
  17. C. X. Huang, C. L. Peng, X. H. Chen, and F. H. Wen, “Dynamics analysis of a class of delayed economic model,” Abstract and Applied Analysis, vol. 2013, Article ID 962738, 12 pages, 2013. View at Publisher · View at Google Scholar