S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Department of Economics, Stockholm University Research Papers in Economics, Department of Economics, Stockholm University

No 1997:5:
Emission Quota Trade among the Few: Laboratory Evidence of Joint Implementation among Committed Countries The Complete Version

Peter Bohm and Björn Carlén ()

Abstract: The purpose of the laboratory tests reported here is to identify a well-functioning design, tailored for an upcoming unique experiment using real-world relevant decision makers for carbon emission reduction trade among four countries committed to binding carbon emission limits, a form of so-called joint implementation. For reasons given in the paper, the design is required to promote high trade efficiency and a small scope for arbitrage. All designs tested reached high levels of efficiency (87-99%), which is noteworthy given the small number of traders. Attempts to adjust design to reduce or eliminate arbitrage were successful in the final test rounds.

Keywords: carbon emission reduction trade; joint implementation; experimental economics; (follow links to similar papers)

JEL-Codes: A23; Q28; (follow links to similar papers)

38 pages, May 6, 1998

Download Statistics


This paper is published as:
Bohm, Peter and Björn Carlén, (1999), 'Emission Quota Trade among the Few: Laboratory Evidence of Joint Implementation among Committed Countries', Resource and Energy Economics, Vol. 21, January, No. 1, pages 43-66



Questions (including download problems) about the papers in this series should be directed to Sten Nyberg ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:sunrpe:1997_0005 This page was generated on 2016-11-07 22:04:13