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Environmental Policy: Lessons from the Laboratory

  • Stuart Mestelman

The controlled laboratory experiment is spreading rapidly as a method for evaluating theories of economic behaviour and policy prescriptions. Environmental regulation is an area that is ripe for laboratory investigation. This paper presents insights drawn from the existing literature using laboratory methods in economics and related disciplines on the use of taxation and subsidy, standards and fines, transferable quota, and voluntary restraint as mechanisms for environmental regulation.

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File URL: http://socserv.socsci.mcmaster.ca/~mceel/papers/envplcy.pdf
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Paper provided by McMaster University in its series McMaster Experimental Economics Laboratory Publications with number 2000-01.

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Length: 53 pages
Date of creation: Jan 2000
Date of revision:
Handle: RePEc:mcm:mceelp:2000-01
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  1. Kenneth S. Chan & Stuart Mestelman & Rob Moir & R. Andrew Muller, 1998. "Heterogeneity and the Voluntary Provision of Public Goods," Department of Economics Working Papers 1998-04, McMaster University.
  2. Pamela Schmitt & Kurtis Swope & James Walker, 2000. "Collective Action with Incomplete Commitment: Experimental Evidence," Southern Economic Journal, Southern Economic Association, vol. 66(4), pages 829-854, April.
  3. 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.
  4. Offerman, Theo & Sonnemans, Joep & Schram, Arthur, 1996. "Value Orientations, Expectations and Voluntary Contributions in Public Goods," Economic Journal, Royal Economic Society, vol. 106(437), pages 817-45, July.
  5. Stuart Mestelman & Andrew Muller, 1997. "Emissions Trading with Shares and Coupons when Control over Discharges is Uncertain," McMaster Experimental Economics Laboratory Publications 1997-01, McMaster University.
  6. Davis, Douglas D. & Williams, Arlington W., 1997. "The effects of nonstationarities on performance in call markets," Journal of Economic Behavior & Organization, Elsevier, vol. 32(1), pages 39-54, January.
  7. Chan, Kenneth S. & Mestelman, Stuart & Muller, R. Andrew, 2008. "Voluntary Provision of Public Goods," Handbook of Experimental Economics Results, Elsevier.
  8. Stuart Mestelman & Rob Moir & Andrew Muller, 1998. "A Laboratory Test of Canadian Proposals for an Emission Trading Program," McMaster Experimental Economics Laboratory Publications 1998-03, McMaster University.
  9. Cason Timothy N., 1993. "Seller Incentive Properties of EPA's Emission Trading Auction," Journal of Environmental Economics and Management, Elsevier, vol. 25(2), pages 177-195, September.
  10. Joyce, Patrick, 1983. "Information and behavior in experimental markets," Journal of Economic Behavior & Organization, Elsevier, vol. 4(4), pages 411-424, December.
  11. H Falk & B Lynn & S Mestelman & M Shehata, 1996. "Self-Interested Behaviour and Ethics: The Case for Auditor Independence," Department of Economics Working Papers 1996-04, McMaster University.
  12. Jamie Brown-Kruse & Steven R Elliot & Rob Godby, 1995. "Strategic Manipulation of Pollution Permit Markets: An Experimental Approach," Department of Economics Working Papers 1995-03, McMaster University.
  13. Segerson, Kathleen & Miceli, Thomas J., 1998. "Voluntary Environmental Agreements: Good or Bad News for Environmental Protection?," Journal of Environmental Economics and Management, Elsevier, vol. 36(2), pages 109-130, September.
  14. Segerson, Kathleen, 1988. "Uncertainty and incentives for nonpoint pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 87-98, March.
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