Carlén, Björn () (Dept. of Economics, Stockholm University)
Abstract
The Experiment mimics carbon emissions trade among twelve industrialized countries during the end of a five-year-long trading period when traders are likely to have nearly full information about the underlying net demand. Trade is assumed to be governed by so-called double-auction rules. The hypotheses are i) and ii) that larger countries would not be able to influence price levels to their advantage. The findings support the first hypothesis but are inconclusive regarding the second. although they illustrate that large country may not be able to sustain favorable prices.
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Publisher Info
Paper provided by Stockholm University, Department of Economics in its series Research Papers in Economics with number
1999:15.
Length: 39 pages Date of creation: 03 Oct 1999 Date of revision: Publication status: Published in The Energy Journal, 2003, pages 1-26. Handle: RePEc:hhs:sunrpe:1999_0015
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Find related papers by JEL classification: Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
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