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Testing the theory of emissions trading: Experimental evidence on alternative mechanisms for global carbon trading

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  • Klaassen, Ger
  • Nentjes, Andries
  • Smith, Mark

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  • Klaassen, Ger & Nentjes, Andries & Smith, Mark, 2005. "Testing the theory of emissions trading: Experimental evidence on alternative mechanisms for global carbon trading," Ecological Economics, Elsevier, vol. 53(1), pages 47-58, April.
    • Handle: RePEc:eee:ecolec:v:53:y:2005:i:1:p:47-58
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    1. Montgomery, W. David, 1972. "Markets in licenses and efficient pollution control programs," Journal of Economic Theory, Elsevier, vol. 5(3), pages 395-418, December.
    2. Gusbin, Dominique & Klaassen, Ger & Kouvaritakis, Nikos, 1999. "Costs of a ceiling on Kyoto flexibility," Energy Policy, Elsevier, vol. 27(14), pages 833-844, December.
    3. Y. Ermoliev & M. Michalevich & A. Nentjes, 2000. "Markets for Tradeable Emission and Ambient Permits: A Dynamic Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 15(1), pages 39-56, January.
    4. Morten Søberg, 2000. "Price Expectations and International Quota Trading: An Experimental Evaluation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 17(3), pages 259-277, November.
    5. Farhana Yamin & Jean-Marc Burniaux & Andries Nentjes, 2001. "Kyoto Mechanisms: Key Issues for Policy-makers for COP-6," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 1(2), pages 187-218, April.
    6. Joskow, Paul L & Schmalensee, Richard & Bailey, Elizabeth M, 1998. "The Market for Sulfur Dioxide Emissions," American Economic Review, American Economic Association, vol. 88(4), pages 669-685, September.
    7. Stevens, Brandt & Rose, Adam, 2002. "A Dynamic Analysis of the Marketable Permits Approach to Global Warming Policy: A Comparison of Spatial and Temporal Flexibility," Journal of Environmental Economics and Management, Elsevier, vol. 44(1), pages 45-69, July.
    8. Jeffrey S. Banks & John O. Ledyard & David P. Porter, 1989. "Allocating Uncertain and Unresponsive Resources: An Experimental Approach," RAND Journal of Economics, The RAND Corporation, vol. 20(1), pages 1-25, Spring.
    9. Ger Klaassen, 1996. "Acid Rain and Environmental Degradation," Books, Edward Elgar Publishing, number 1165.
    10. Peter Bohm & Björn Carlén, 2002. "A Cost-effective Approach to Attracting Low-income Countries to International Emissions Trading: Theory and Experiments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(2), pages 187-211, October.
    11. Bohm, Peter & Carlen, Bjorn, 1999. "Emission quota trade among the few: laboratory evidence of joint implementation among committed countries," Resource and Energy Economics, Elsevier, vol. 21(1), pages 43-66, January.
    12. Rubin, Jonathan D., 1996. "A Model of Intertemporal Emission Trading, Banking, and Borrowing," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 269-286, November.
    13. Plott, Charles R, 1983. "Externalities and Corrective Policies in Experimental Markets," Economic Journal, Royal Economic Society, vol. 93(369), pages 106-127, March.
    14. Vernon L. Smith, 1994. "Economics in the Laboratory," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 113-131, Winter.
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    Cited by:

    1. Chen, Huayi & Ma, Tieju, 2021. "Technology adoption and carbon emissions with dynamic trading among heterogeneous agents," Energy Economics, Elsevier, vol. 99(C).
    2. Jilin Zhang & Yukun Xu, 2020. "Research on the Price Fluctuation and Risk Formation Mechanism of Carbon Emission Rights in China Based on a GARCH Model," Sustainability, MDPI, vol. 12(10), pages 1-11, May.
    3. Cemal Atici, 2022. "Reconciling the flexibility mechanisms of climate policies towards the inclusiveness of developing countries: commitments and prospects," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(7), pages 9048-9067, July.
    4. Xueping Wu & Ming Gao & Shihong Guo & Rashid Maqbool, 2019. "Environmental and economic effects of sulfur dioxide emissions trading pilot scheme in China: A quasi-experiment," Energy & Environment, , vol. 30(7), pages 1255-1274, November.
    5. Sonia Schwartz, 2009. "Comment distribuer les quotas de pollution ?. Une revue de la littérature," Revue d'économie politique, Dalloz, vol. 119(4), pages 535-568.
    6. Flåm, S.D. & Godal, O., 2008. "Market clearing and price formation," Journal of Economic Dynamics and Control, Elsevier, vol. 32(3), pages 956-977, March.
    7. Jin, Jingliang & Wen, Qinglan & Zhao, Liya & Zhou, Chaoyang & Guo, Xiaojun, 2023. "Measuring environmental performance of power dispatch influenced by low-carbon approaches," Renewable Energy, Elsevier, vol. 209(C), pages 325-339.
    8. Willett, Keith & Caplanova, Anetta, 2022. "Pollution and environmental quality violations: Finding the right emission permit prices for NO2 EDPs," Socio-Economic Planning Sciences, Elsevier, vol. 82(PB).
    9. Shuhua Chang & Xinyu Wang, 2015. "Modelling and Computation in the Valuation of Carbon Derivatives with Stochastic Convenience Yields," PLOS ONE, Public Library of Science, vol. 10(5), pages 1-35, May.
    10. Cason, Timothy N. & Gangadharan, Lata, 2011. "Price discovery and intermediation in linked emissions trading markets: A laboratory study," Ecological Economics, Elsevier, vol. 70(7), pages 1424-1433, May.
    11. Zhang, Yue-Jun & Peng, Yu-Lu & Ma, Chao-Qun & Shen, Bo, 2017. "Can environmental innovation facilitate carbon emissions reduction? Evidence from China," Energy Policy, Elsevier, vol. 100(C), pages 18-28.

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