globalchange  > 过去全球变化的重建
DOI: 10.1080/1540496X.2019.1604337
WOS记录号: WOS:000469569200001
论文题名:
Modeling and Policy Study for Information Asymmetry Problem of Photovoltaic Module Quality in China
作者: Li, Yan1,2; Zhang, Qi1; Wang, Ge1; Liu, Xuefei1; McLellan, Benjamin3,4
通讯作者: Zhang, Qi
刊名: EMERGING MARKETS FINANCE AND TRADE
ISSN: 1540-496X
EISSN: 1558-0938
出版年: 2019
语种: 英语
英文关键词: complex network ; Herd effect ; information asymmetry ; photovoltaic module
WOS关键词: ONLINE ; MARKET ; UNCERTAINTY ; LEMONS
WOS学科分类: Business ; Economics ; International Relations
WOS研究方向: Business & Economics ; International Relations
英文摘要:

With the growing concern over climate change and aided by technology development, photovoltaic (PV) installation has risen rapidly in China. Because PV modules are fully packed and the sites for PV installation may be remote from investors, it is difficult for investors to determine the actual quality of PV modules. To simulate the information asymmetry of PV quality and its impacts on market reaction, an agent-based model at social network scale is applied based on the data of Chinese PV market. To mitigate the quality problem while expanding the financing scale for PV projects, two policy options are proposed, including information disclosure and penalties. The simulation results indicate that investors are more sensitive to the negative attitudes of surrounding people, and that raising dividend ratios will drive both defaults and joining ratios higher. We further discuss policy implications of findings to ensure the prosperity of the PV financing market and the high quality of PV systems at the same time.


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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/136748
Appears in Collections:过去全球变化的重建

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作者单位: 1.China Univ Petr, Acad Chinese Energy Strategy, Beijing, Peoples R China
2.Natl Univ Singapore, Energy Studies Inst, Singapore, Singapore
3.Kyoto Univ, Grad Sch Energy Sci, Kyoto, Japan
4.Univ Queensland, Ctr Social Responsibil Min, Brisbane, Qld, Australia

Recommended Citation:
Li, Yan,Zhang, Qi,Wang, Ge,et al. Modeling and Policy Study for Information Asymmetry Problem of Photovoltaic Module Quality in China[J]. EMERGING MARKETS FINANCE AND TRADE,2019-01-01
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