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| Main Authors: | , , |
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| Format: | Preprint |
| Published: |
2024
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| Subjects: | |
| Online Access: | https://arxiv.org/abs/2408.10148 |
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| _version_ | 1866911994490126336 |
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| author | Goyal, Keshav Sathish, Sooraj Rao, Shrisha |
| author_facet | Goyal, Keshav Sathish, Sooraj Rao, Shrisha |
| contents | In the context of increasingly complex environmental challenges, effective pollution control mechanisms are crucial. By extending the state of the art auction mechanisms, we aim to develop an efficient approach for allocating pollution abatement resources in a multi-pollutant setting with pollutants affecting each other's reduction costs. We modify the Combinatorial Multi-Round Ascending Auction for the auction of escape permits of pollutants with co-dependent reduction processes, specifically, greenhouse gas emissions and nutrient runoff in Finnish agriculture. We show the significant advantages of this mechanism in pollution control through experiments on the bid prices and amount of escape permits sold in multiple auction simulations. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2408_10148 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Auctioning Escape Permits for Multiple Correlated Pollutants Using CMRA Goyal, Keshav Sathish, Sooraj Rao, Shrisha Computer Science and Game Theory Multiagent Systems In the context of increasingly complex environmental challenges, effective pollution control mechanisms are crucial. By extending the state of the art auction mechanisms, we aim to develop an efficient approach for allocating pollution abatement resources in a multi-pollutant setting with pollutants affecting each other's reduction costs. We modify the Combinatorial Multi-Round Ascending Auction for the auction of escape permits of pollutants with co-dependent reduction processes, specifically, greenhouse gas emissions and nutrient runoff in Finnish agriculture. We show the significant advantages of this mechanism in pollution control through experiments on the bid prices and amount of escape permits sold in multiple auction simulations. |
| title | Auctioning Escape Permits for Multiple Correlated Pollutants Using CMRA |
| topic | Computer Science and Game Theory Multiagent Systems |
| url | https://arxiv.org/abs/2408.10148 |