Large-Country Effects in International Emissions Trading: A Laboratoty Test
AbstractThe 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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Bibliographic InfoPaper 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.
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Postal: Department of Economics, Stockholm, S-106 91 Stockholm, Sweden
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Carbon emission trading; Market Power; Experimental economics;
Find related papers by JEL classification:
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2000-02-07 (All new papers)
- NEP-ENV-2000-02-07 (Environmental Economics)
- NEP-EXP-2000-02-07 (Experimental Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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