Research Article
Mechanism for Trading Shoreline Usage Rights Based on an Improved Bilateral Call Auction Model
@INPROCEEDINGS{10.4108/eai.19-5-2023.2334247, author={Jianhua Xiao and Kaijun Hu}, title={Mechanism for Trading Shoreline Usage Rights Based on an Improved Bilateral Call Auction Model}, proceedings={Proceedings of the 2nd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2023, May 19--21, 2023, Hangzhou, China}, publisher={EAI}, proceedings_a={ICBBEM}, year={2023}, month={7}, keywords={shoreline usage rights improved bilateral auction model trading mechanism}, doi={10.4108/eai.19-5-2023.2334247} }- Jianhua Xiao
Kaijun Hu
Year: 2023
Mechanism for Trading Shoreline Usage Rights Based on an Improved Bilateral Call Auction Model
ICBBEM
EAI
DOI: 10.4108/eai.19-5-2023.2334247
Abstract
In response to the current supply-demand imbalance of shoreline resources, the mar-ket-oriented approach of shoreline resource trading can effectively improve the utili-zation and allocation efficiency of shoreline resources, promote the overall develop-ment of regional marine economy, and ultimately achieve the integration of marine economy. Starting from auction theory, this article explores the mechanism of shore-line resource auction prices, and uses an improved bilateral call auction model consid-ering the cost and transaction volume of shoreline transactions, combined with nu-merical examples to illustrate the practical application of the model. The results indi-cate that the improved bilateral call auction model's trading mechanism and price de-termination rules are reasonable and effective, and have certain practical guiding sig-nificance for shoreline resource trading.
