An Experimental Study of Electronic Bulletin Board Trading for Emission Permits

Timothy Cason and Lata Gangadharan ()

No 592, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This paper reports a laboratory experiment that studies several specific features of the Regional Clean Air Incentives Market (RECLAIM), a tradable emission permit program intended to lower the cost of meeting federal air quality standards in the Los Angeles area. It assesses the impact of some permit trading rules and alternative regulatory policies on market performance. The experiment focuses on a new centralized system of trading called the Electronic Bulletin Board.

Keywords: ENVIRONMENT; EXPERIMENTS; TRADE (search for similar items in EconPapers)
JEL-codes: C9 K32 Q25 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1997
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Journal Article: An Experimental Study of Electronic Bulletin Board Trading for Emission Permits (1998)
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