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Comparative Analysis of Emission Trading Institution: Based on Experimental Economics Method

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Listed:
  • Yujian Yang
  • Ziyan Li
  • Bicheng Shao
  • Guoqin Bu

Abstract

As China’s economic development enters a new stage, the government demands the enterprises with high energy consumption and high pollution to save energy and reduce emission. Although the improvement and promotion of the emission trading institutions between enterprises has been proved to be an effective way to control pollution, but only the emission trading theoretical research and practical support can promote China’s environmental protection work in a long term. Using the method of experimental economics with the same market structure, this paper compares and analyzes the features of deal price, transaction volume and market efficiency of enterprises under several different transaction mechanisms, such as double auction, bid auction and offer auction, and provides some reference opinions for the current emission trading market.

Suggested Citation

  • Yujian Yang & Ziyan Li & Bicheng Shao & Guoqin Bu, 2020. "Comparative Analysis of Emission Trading Institution: Based on Experimental Economics Method," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 9(2), pages 1-47, March.
    • Handle: RePEc:ibn:jmsjnl:v:9:y:2020:i:2:p:47
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    References listed on IDEAS

    as
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    2. Morten Søberg, 2000. "Imperfect competition, sequential auctions, and emissions trading: An experimental evaluation," Discussion Papers 280, Statistics Norway, Research Department.
    3. Vernon L. Smith, 1962. "An Experimental Study of Competitive Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 70, pages 322-322.
    4. Plott, Charles R, 1982. "Industrial Organization Theory and Experimental Economics," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1485-1527, December.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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