Research Article

Enterprise Production and Emission Reduction Strategy under Carbon Emission Constraint

Table 1

Related notations.

γ1=Historical output ratio of firm 1
γ2=Historical output ratio of firm 2
P1=Product price in stage 1 that is dependent on the production decision
q11=Output decision of firm 1 in stage 1
q21=Output decision of firm 2 in stage 1
P2=Product price in stage 2 that is dependent on the production decision
q12=Output decision of firm 1 in stage 2
q22=Output decision of firm 2 in stage 2
Z1=Carbon price in stage 1 that is exogenous determined by the carbon market
Z2=Carbon price in stage 2 that is exogenous determined by the carbon market