基于集市型水权交易模型的报价行为

发布时间：2018-01-22 03:36

本文关键词： 水权交易集市报价行为信息　出处：《清华大学学报(自然科学版)》2017年04期 　论文类型：期刊论文

【摘要】：水权交易是水资源使用权通过市场机制进行优化配置的重要方式,是水权制度建设的落脚点。该文以源于澳大利亚的集市型水权交易实践为基础,构建了水权交易的数学模型,对集市中交易者的报价行为进行了分析和研究。首先,基于交易风险和收益平衡,计算市场中交易者的综合收益,得出了集市型交易模式下参与者的最优报价策略,给出了报价策略与用水效益及预期报价的函数关系;其次,通过对比拆分订单报价的策略性行为对交易者综合收益的影响,分析了该报价行为的可行性和合理性,发现"拆单"可以有效利用市场机制,实现个人收益最大化;最后,通过求解买家博弈的均衡报价,发现增加信息披露有利于交易者报价更加接近其对水权的真实估价,提升了市场价格发现的有效性。模型分析和结论对中国水权交易制度建设提供了一定的参考。
[Abstract]:Water right transaction is an important way to optimize the allocation of water resource right through market mechanism, and is the foothold of water right system construction. This paper constructs a mathematical model of water rights trading, analyzes and studies the bidding behavior of traders in the market. Firstly, based on the trade risk and income balance, the comprehensive income of traders in the market is calculated. The optimal bidding strategy of participants in the market type trading mode is obtained, and the functional relationship between the bidding strategy and water efficiency and expected quotation is given. Secondly, by comparing the strategic behavior of split order quotation on the comprehensive income of traders, the feasibility and rationality of the bidding behavior are analyzed, and the market mechanism can be effectively utilized. Realizing the maximization of personal income; Finally, through solving the equilibrium quotation of buyer game, it is found that increasing information disclosure is beneficial to the traders' quotation being closer to their true valuation of water rights. The model analysis and conclusion provide some reference for the construction of water right trading system in China.
【作者单位】：清华大学水利水电工程系;中央财经大学统计与数学学院;
【基金】：国家自然科学基金资助项目(51479089,51323014) 水利部公益性行业科研专项(201401031) 甘肃省水利厅科技计划项目水利科学与水利水电工程国家重点实验室自主研究课题(2014-KY-04)
【分类号】：TV213.4;F832.5
【正文快照】： 水权制度是自然资源产权制度的一种,通过明晰水资源产权规范用水秩序、进行总量控制、激发市场交易,促进水资源向高效益用户流转,提高用水效益,改善生态环境[1]。美国、澳大利亚等国家的水权交易成功实践说明了水权交易对于水资源优化配置的有效性[2-5]。中国作为水资源短缺的

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