What Can Laboratory Experiments Teach Us About Emissions Permit Market Design?

The laboratory provides a test bed to inform many design choices for emissions permit markets. Experiments are sometimes strongly motivated and structured by specific theoretical models and predictions, but in other cases the experiment itself can be the model of the market and regulatory environment. We review specific experimental applications that address design issues for permit auction rules, permit expiration dates and banking, liability rules, and regulatory enforcement.


Issue Date:
2010-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/90819
Published in:
Agricultural and Resource Economics Review, Volume 39, Number 2
Page range:
151-161
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-25

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