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Carbon footprint optimization: game theoretic problems and solutions

Carbon footprint optimization: game theoretic problems and solutions Carbon Footprint Optimization: Game Theoretic Problems and Solutions DEEPAK BAGCHI Infosys Ltd. and SHANTANU BISWAS Infosys Ltd. and Y. NARAHARI Indian Institute Of Science and P. SURESH Infosys Ltd. and L. UDAYA LAKSHMI Indian Institute Of Science and N. VISWANADHAM Indian Institute Of Science and S. V. SUBRAHMANYA Infosys Ltd. We discuss four problems that we have identi ed under the umbrella of carbon economics problems: carbon credit allocation (CCA), carbon credit buying (CCB), carbon credit selling (CCS), and carbon credit exchange (CCE). Because of the strategic nature of the players involved in these problems, game theory and mechanism design provides a natural way of formulating and solving these problems. We then focus on a particular CCA problem, the carbon emission reduction problem, where the countries or global industries are trying to reduce their carbon footprint at minimum cost. We brie ‚y describe solutions to the above problem. Categories and Subject Descriptors: J.4 [Social and Behavioral Sciences]: Economics General Terms: Carbon Emission, Economics, Game Theory Additional Key Words and Phrases: Mechanism Design, Auctions, Carbon Footprint Optimization, Carbon Economics Authors ™ addresses: deepak bagchi@infosys.com, shantanu biswas@infosys.com, hari@csa.iisc.ernet.in, suresh p01@infosys.com, udaya lakshmi@csa.iisc.ernet.in, nv@csa.iisc.ernet.in, subrahmanyasv@infosys.com Deepak Bagchi et al. 1. INTRODUCTION http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png ACM SIGecom Exchanges Association for Computing Machinery

Carbon footprint optimization: game theoretic problems and solutions

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Publisher
Association for Computing Machinery
Copyright
Copyright © 2012 by ACM Inc.
ISSN
1551-9031
DOI
10.1145/2325713.2325720
Publisher site
See Article on Publisher Site

Abstract

Carbon Footprint Optimization: Game Theoretic Problems and Solutions DEEPAK BAGCHI Infosys Ltd. and SHANTANU BISWAS Infosys Ltd. and Y. NARAHARI Indian Institute Of Science and P. SURESH Infosys Ltd. and L. UDAYA LAKSHMI Indian Institute Of Science and N. VISWANADHAM Indian Institute Of Science and S. V. SUBRAHMANYA Infosys Ltd. We discuss four problems that we have identi ed under the umbrella of carbon economics problems: carbon credit allocation (CCA), carbon credit buying (CCB), carbon credit selling (CCS), and carbon credit exchange (CCE). Because of the strategic nature of the players involved in these problems, game theory and mechanism design provides a natural way of formulating and solving these problems. We then focus on a particular CCA problem, the carbon emission reduction problem, where the countries or global industries are trying to reduce their carbon footprint at minimum cost. We brie ‚y describe solutions to the above problem. Categories and Subject Descriptors: J.4 [Social and Behavioral Sciences]: Economics General Terms: Carbon Emission, Economics, Game Theory Additional Key Words and Phrases: Mechanism Design, Auctions, Carbon Footprint Optimization, Carbon Economics Authors ™ addresses: deepak bagchi@infosys.com, shantanu biswas@infosys.com, hari@csa.iisc.ernet.in, suresh p01@infosys.com, udaya lakshmi@csa.iisc.ernet.in, nv@csa.iisc.ernet.in, subrahmanyasv@infosys.com Deepak Bagchi et al. 1. INTRODUCTION

Journal

ACM SIGecom ExchangesAssociation for Computing Machinery

Published: Jun 1, 2012

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