EconPapers    
Economics at your fingertips  
 

What Have We Learned From Emissions Trading Experiments?

Stuart Mestelman () and Andrew Muller ()

McMaster Experimental Economics Laboratory Publications from McMaster University

Abstract: Emissions trading is a form of environmental regulation in which a regulatory body specifies the total allowable discharge of pollutants, divides this cap into individual permits assigned to individual polluters, and allows trading of the resulting permits. Laboratory experiments, in which paid subjects participate in controlled markets, can be used to test both proposals for emission trading and the theories on which they are based. This paper surveys the laboratory research that has investigated the efficiency of emission trading programs, role of alternative instruments and institutions, the effects of allowing firms to carry inventories of permits, and the extent to which market power can be exercised.

Date: 1997-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://socserv.socsci.mcmaster.ca/econ/faculty/mullera/papers/mdeet2.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://socserv.socsci.mcmaster.ca/econ/faculty/mullera/papers/mdeet2.pdf [301 Moved Permanently]--> https://socialsciences.mcmaster.ca/econ/faculty/mullera/papers/mdeet2.pdf)

Related works:
Journal Article: What have we learned from emissions trading experiments? (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mcm:mceelp:1997-03

Access Statistics for this paper

More papers in McMaster Experimental Economics Laboratory Publications from McMaster University Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2019-10-17
Handle: RePEc:mcm:mceelp:1997-03