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Discrete Dynamics in Nature and Society
Volume 2017 (2017), Article ID 1432052, 7 pages
https://doi.org/10.1155/2017/1432052
Research Article

A Perspective of Evolution for Carbon Emissions Trading Market: The Dilemma between Market Scale and Government Regulation

The College of Finance and Statistics, Hunan University, Changsha, China

Correspondence should be addressed to Qi Zhu; nc.ude.unh@iquhz

Received 4 November 2016; Revised 20 December 2016; Accepted 4 January 2017; Published 1 February 2017

Academic Editor: Fazlollah Soleymani

Copyright © 2017 Qi Zhu. 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.

Abstract

Which means are more effective for reducing carbon emission? Our paper argues the effect of the government regulation and the market trading on the carbon emission. Based on our model, we obtain three conclusions as follows. First, government strengthened regulation can encourage firms to participate in the trading market for carbon emission. Second, there is the negative relation of supervision cost to trading price. Third, there is an alternative relationship between the scale economy level of the supervisory authority and that of the carbon emissions market. Meanwhile, our numerical simulations also confirm our results for our model analyses.