We have established that the trade concentration at the end period indeed takes place as is expected. Looking at this from another viewpoint, market frenzy does not occur, although this fact is mostly due to the fact that there are a lot of CDM credits available at each moment. As is stressed, this is a mere example based on several assumptions imposed for the sake of convenience. One can make up an enormous list of assumptions to be removed and situations to be considered. Besides, actual data are piling up everyday, which would suggest the future agenda of research. As is mentioned in the beginning, this is meant to be an attempt to show the possibility of research.
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