Research on the Influence of Bounded Rationality and Product Differentiation on the Stability of Steel Industry Market

Table 5

Notations and explanations used in this paper.

Notations	Explanations
	Steel production
	The price of steel
	The constant of the market inverse demand curve
	The primary coefficient of the market inverse demand curve
	Steel production of region
	The region CO2 emission intensity of per ton steel in 2015
	The region CO2 emission intensity of per ton steel at some stage
	The decline range of CO2 emission intensity of per ton steel in region at some stage
	The decline target of national CO2 emission intensity of per ton steel at some stage
	Marginal abatement cost curve in steel industry
	The quadratic coefficient of steel industry’s MAC in region
	The primary coefficient of steel industry’s MAC in region
	The cost function of steel industry in region
	The production cost of steel industry in region
	The cost of base period emission reduction in region
	The total carbon tax
	The unit value of carbon tax
	Social welfare function
	Consumer surplus
	Producer surplus
	Total macro external environment loss of CO2 emission
	The external loss parameter of CO2
	The profit function of steel industry in region
	The total CO2 emissions in steel industry
	The extent to which products produced by can replace those produced by
	The adjustment coefficient, rate of output adjustment