交易费用对我国碳市场成本有效性的影响——基于国内碳交易试点间的模拟分析

发布时间：2018-04-24 14:29

本文选题：交易费用 + 省际碳交易市场　；参考：《管理评论》2017年06期

【摘要】：交易费用的广泛存在会削弱碳市场的成本有效性。本文首先构建了一个考虑交易费用的省际碳交易机制模型,从理论层面研究交易费用与碳价、交易量等变量的均衡关系。随后,以"十二五"期间六个碳交易试点为例,从成本有效性的视角探讨交易费用对我国碳市场的影响。结论显示交易费用与均衡碳价存在正向关系、与均衡交易量间存在反向关系,每增加一单位交易费用,均衡碳价大约上升0.57元,潜在碳交易量下降0.31百万吨。交易费用的增加将会抑制参与主体的交易积极性,进而降低碳市场的成本有效性。随着边际交易费用增加,天津和上海可能会率先退出市场,特别地,当边际交易费用高达70元/吨CO_2时,碳交易市场可能失效。本研究揭示了交易费用在碳市场设计中的重要性,未来我国构建全国统一碳市场需要考虑交易费用影响。
[Abstract]:The widespread existence of transaction costs will weaken the cost effectiveness of the carbon market. This paper first constructs an inter-provincial carbon trading mechanism model considering transaction costs and studies the equilibrium relationship between transaction costs and variables such as carbon price and trading volume from the theoretical level. Then, taking six carbon trading experiments during the 12th Five-Year Plan period as an example, this paper discusses the impact of transaction costs on China's carbon market from the perspective of cost effectiveness. The conclusion shows that there is a positive relationship between the transaction cost and the equilibrium carbon price, and a reverse relationship between the transaction cost and the equilibrium trading volume. For each unit transaction cost, the equilibrium carbon price increases by 0.57 yuan, and the potential carbon trading volume decreases by 0.31 million tons. The increase of transaction costs will inhibit the enthusiasm of the participants and reduce the cost effectiveness of the carbon market. As marginal transaction costs increase, Tianjin and Shanghai may take the lead in withdrawing from the market. In particular, when marginal transaction costs are as high as 70 yuan / ton CO_2, the carbon trading market may fail. This study reveals the importance of transaction costs in the design of carbon market. In the future, we need to consider the impact of transaction costs to build a unified carbon market in China.
【作者单位】：安徽财经大学统计与应用数学学院;中国科学院科技政策与管理科学研究所能源与环境政策研究中心;中国科学院大学经济与管理学院;
【基金】：国家自然科学基金青年基金项目(71503001;71503242) 安徽省教育厅人文社科重点项目(SK2015A214)
【分类号】：F832.5;X196

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