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An Experimental Study of Electronic Bulletin Board Trading for Emission Permits

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Author Info
Cason, T.N.
Gangadharan, L.

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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.

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Publisher Info
Paper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 592.

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Length: 28 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:mlb:wpaper:592

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Postal: Department of Economics, The University of Melbourne, 5th Floor, Economics and Commerce Building, Victoria, 3010, Australia
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Web page: http://www.economics.unimelb.edu.au
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Related research
Keywords: ENVIRONMENT ; EXPERIMENTS ; TRADE;

Other versions of this item:

Find related papers by JEL classification:
C9 - Mathematical and Quantitative Methods - - Design of Experiments
Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
K32 - Law and Economics - - Other Substantive Areas of Law - - - Environmental, Health, and Safety Law

Cited by:
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  1. Amy W. Ando & Donna Ramirez, 2006. "Tradable Discharge Permits: A Student-Friendly Game," Journal of Economic Education, Helen Dwight Reid Foundation, vol. 37(2), pages 187-201. [Downloadable!]
  2. Morten Søberg, 2000. "Imperfect competition, sequential auctions, and emissions trading: An experimental evaluation," Discussion Papers 280, Research Department of Statistics Norway. [Downloadable!]
  3. Timothy Cason, 2003. "Buyer Liability and Voluntary Inspections in International Greenhouse Gas Emissions Trading: A Laboratory Study," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 25(1), pages 101-127, May. [Downloadable!] (restricted)
  4. Robert Godby, 2002. "Market Power in Laboratory Emission Permit Markets," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 23(3), pages 279-318, November. [Downloadable!] (restricted)
  5. Lata Gangadharan, 2004. "Analysis of prices in tradable emission markets: an empirical study of the regional clean air incentives market in Los Angeles," Applied Economics, Taylor and Francis Journals, vol. 36(14), pages 1569-1582, August. [Downloadable!] (restricted)
  6. Parry, Ian & Fischer, Carolyn & Jawahar, Puja & Aguilar , Francisco, 2005. "Corporate Codes of Conduct: Is Common Environmental Content Feasible?," Discussion Papers dp-05-09, Resources For the Future. [Downloadable!]
  7. Larson, Donald F. & Parks, Paul, 1999. "Risks, lessons learned, and secondary markets for greenhouse gas reductions," Policy Research Working Paper Series 2090, The World Bank. [Downloadable!]
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This page was last updated on 2009-11-3.

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