EXPERIMENTAL MARKETS AND ENVIRONMENTAL POLICY

Experimental markets can be a useful tool to guide and evaluate environmental policy. This paper reviews four experiments to illustrate. Two institutional experiments are considered-Coasian bargaining with positive transaction costs, and a gaming experiment of dynamic choice in a conflict. Two valuation experiments are also discussed-the impact of sequential reduction mechanisms on the value of risk, and experimental auction markets to elicit the value of safer food.


Issue Date:
1993-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31538
Published in:
Agricultural and Resource Economics Review, Volume 22, Number 2
Page range:
117-129
Total Pages:
13




 Record created 2017-04-01, last modified 2017-08-24

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