水污染物排污权初始分配和交易定价分析-analysis on initial allocation and transaction pricing of water pollutant emission rights.docxVIP

AbstractThedevelopmentofeconomicandimprovementofpeopleslivingstandardsexacerbatedwaterpollutantemissions.Inordertoimprovethedischargesituationofsewage,andtoimplementtotalquantitycontrol,asoneofthebasicpathoftheEnvironmentalFinance,theSewageRightsTradingSystemshowpromisingusageandattractedwidespreadattention.However,thepricingmechanismoftheinitialallocationandtradingofemissionrightshasnotyetformed,whichhasseriouslyaffectedtheemissionstradingtocarryout.Therefore,itisveryimperativetostudytheemissionstrading.Fromtheangleofcompensationfortheuseofemissionrights,inordertogetamorereasonabletransactionprice,thispaperresearchesonthemethodthatissuitableforChina,andestablishesrealistictheoreticalmodels.Thisessayfirstlysystematicallysortedoutandanalyzedthemethodsofinitialallocationandtransactionpricingofemissionrightsathomeandabroad,anddissectedtherelativestatusanddifferences.Thenaccordingtotheresultsoftheanalysisoftherelevantmethodsandapplicationstatus,itwascombinedwithfactoranalysisandresetcostmethodtodeterminethewaterpollutantemissionrightsinitialallocationpricingmodel,afterthat,itestablishedwaterpollutantemissionstradingpricingbidauctionandthesequentialgamemodelsundertheuniformdistributionandnormaldistributionbasedontheBayesian-Nashequilibrium,anddesignstheSimpsonintegralandtraversalalgorithmsolverforthemodel.Finallythemodelswasverifiedbypracticalapplicationbaseonrealdataofthreedifferentsituations,includingthesamebasininthesameregions,thesamebasinindifferentregionsanddifferentbasinsretrievedfromemissiontreatmentindustryoftheNortheastregionofChina,togettheinitialallocationpriceandsecondarytradingpricesandgivethesuggestions.Thesimulationresultsshowthattheinitialallocationpricewouldbequitedifferentduetodifferentlevelofregioneconomicandenvironmentdevelopment,theinitialallocationpriceofLiaoningprovincewereslightlyhigherthanthatofJilinandHeilongjiangprovinces;thefinalpriceofsecondarytradingofemissionrightswasrelatedwiththebuyer’sandseller’sofvaluationoftheprobabilitydistributionan