应用财富效用函数研究了不完全竞争市场下排污权交易的价格形成模型。首先,借助排污权交易中出售方与购入方所获利润的财富效用函数,构造排污权交易定价的协商模型,推导出排污权交易价格的边际效用零和方程。再而,由于排污权市场的交易价格受交易价格偏好、交易成本、市场势力、预期排污权价格等因素的影响,借助案例计算分析了交易价格偏好、交易成本、市场势力等参数的不对称性对均衡价格的影响,并佐以图表形式说明。
The pricing model of emission rights transaction under imperfect competitive market is built by using the wealth u- tility function in this paper. First, by means of the wealth utility function of the profit obtained from the sale and the pur- chaser, constructing the bargaining pricing model of emission rights, the marginal utility zero - sum equation of the price of the emission trading is deduced for solving the emission trading price. As the transaction price of the market is affected by the transaction price preference, transaction cost, market power, expected emission price and other factors, then the asym- metry of parameters affect equilibrium price is analyzed by case calculation. And it is illustrated in graphical form.