Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1002/2017WR021231 |
A Two-Phase Model for Trade Matching and Price Setting in Double Auction Water Markets | |
Xu, Tingting1; Zheng, Hang2,3; Zhao, Jianshi1; Liu, Yicheng4; Tang, Pingzhong4; Yang, Y. C. Ethan5; Wang, Zhongjing1 | |
2018-04-01 | |
发表期刊 | WATER RESOURCES RESEARCH |
ISSN | 0043-1397 |
EISSN | 1944-7973 |
出版年 | 2018 |
卷号 | 54期号:4页码:2999-3017 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; Australia; USA |
英文摘要 | Delivery in water markets is generally operated by agencies through channel systems, which imposes physical and institutional market constraints. Many water markets allow water users to post selling and buying requests on a board. However, water users may not be able to choose efficiently when the information (including the constraints) becomes complex. This study proposes an innovative two-phase model to address this problem based on practical experience in China. The first phase seeks and determines the optimal assignment that maximizes the incremental improvement of the system's social welfare according to the bids and asks in the water market. The second phase sets appropriate prices under constraints. Applying this model to China's Xiying Irrigation District shows that it can improve social welfare more than the current pool exchange method can. Within the second phase, we evaluate three objective functions (minimum variance, threshold-based balance, and two-sided balance), which represent different managerial goals. The threshold-based balance function should be preferred by most users, while the two-sided balance should be preferred by players who post extreme prices. |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000434186400028 |
WOS关键词 | MURRAY-DARLING BASIN ; RIGHTS ALLOCATION ; AUSTRALIA ; CHINA |
WOS类目 | Environmental Sciences ; Limnology ; Water Resources |
WOS研究方向 | Environmental Sciences & Ecology ; Marine & Freshwater Biology ; Water Resources |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/21613 |
专题 | 资源环境科学 |
作者单位 | 1.Tsinghua Univ, Dept Hydraul Engn, State Key Lab Hydrosci & Engn, Beijing, Peoples R China; 2.Dongguan Univ Technol, Sch Environm & Civil Engn, Dongguan, Guangdong, Peoples R China; 3.Univ Queensland, Sch Earth & Environm Sci, Brisbane, Qld, Australia; 4.Tsinghua Univ, Inst Interdisciplinary Informat Sci, Beijing, Peoples R China; 5.Lehigh Univ, Dept Civil & Environm Engn, Bethlehem, PA 18015 USA |
推荐引用方式 GB/T 7714 | Xu, Tingting,Zheng, Hang,Zhao, Jianshi,et al. A Two-Phase Model for Trade Matching and Price Setting in Double Auction Water Markets[J]. WATER RESOURCES RESEARCH,2018,54(4):2999-3017. |
APA | Xu, Tingting.,Zheng, Hang.,Zhao, Jianshi.,Liu, Yicheng.,Tang, Pingzhong.,...&Wang, Zhongjing.(2018).A Two-Phase Model for Trade Matching and Price Setting in Double Auction Water Markets.WATER RESOURCES RESEARCH,54(4),2999-3017. |
MLA | Xu, Tingting,et al."A Two-Phase Model for Trade Matching and Price Setting in Double Auction Water Markets".WATER RESOURCES RESEARCH 54.4(2018):2999-3017. |
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