EXPERIMENTAL MARKETS AND ENVIRONMENTAL POLICY

Jason Shogren

Agricultural and Resource Economics Review, 1993, vol. 22, issue 2, 13

Abstract: Experimental markets can be a useful tool to guide and evaluate environmental policy. This paper reviews four experiments to illustrate. Two institutional experiments are considered-Coasian bargaining with positive transaction costs, and a gaming experiment of dynamic choice in a conflict. Two valuation experiments are also discussed-the impact of sequential reduction mechanisms on the value of risk, and experimental auction markets to elicit the value of safer food.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (16)

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Journal Article: Experimental Markets and Environmental Policy (1993)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:31538

DOI: 10.22004/ag.econ.31538

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