Designing GHG Emissions Trading Institutions in the Kyoto Protocol: an Experimental Approach
We re-evaluate two experiments by Hizen and Saijo (1999a,b) to examine the performance of bilateral trading and double auction institutiions in GHG emissions trading.
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- Cason, Timothy N. & Plott, Charles R., 1996. "EPA's New Emissions Trading Mechanism: A Laboratory Evaluation," Journal of Environmental Economics and Management, Elsevier, vol. 30(2), pages 133-160, March.
- Hizen, Y. & Saijo, T., 2000. "Price Desclosure, Marginal Abatement Cost Information and Market Power in a Bilateral GHG Emissions Trading Experiment," ISER Discussion Paper 0515, Institute of Social and Economic Research, Osaka University.
- 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.
- Stuart Mestelman & Andrew Muller, 1997.
"What Have We Learned From Emissions Trading Experiments?,"
McMaster Experimental Economics Laboratory Publications
1997-03, McMaster University.
- R. Andrew Muller & Stuart Mestelman, 1998. "What have we learned from emissions trading experiments?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 19(4-5), pages 225-238.
- Robert N. Stavins, 1998. "What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 69-88, Summer.
- Cason, Timothy N & Gangadharan, Lata, 1998.
"An Experimental Study of Electronic Bulletin Board Trading for Emission Permits,"
Journal of Regulatory Economics,
Springer, vol. 14(1), pages 55-73, July.
- Cason, T.N. & Gangadharan, L., 1997. "An Experimental Study of Electronic Bulletin Board Trading for Emission Permits," Department of Economics - Working Papers Series 592, The University of Melbourne.
- Cason, Timothy N, 1995. "An Experimental Investigation of the Seller Incentives in the EPA's Emission Trading Auction," American Economic Review, American Economic Association, vol. 85(4), pages 905-922, September.
- Allan M. Feldman, 1973. "Bilateral Trading Processes, Pairwise Optimally, and Pareto Optimality," Review of Economic Studies, Oxford University Press, vol. 40(4), pages 463-473.
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