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Emission Quota Trade among the Few: Laboratory Evidence of Joint Implementation among Committed Countries
Stockholm universitet.
Stockholm universitet.
1999 (English)In: Resources and Energy Economics, ISSN 0928-7655, Vol. 21, no 1, 43-66 p.Article in journal (Refereed) Published
Abstract [en]

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

Place, publisher, year, edition, pages
The Netherlands: Elsevier, 1999. Vol. 21, no 1, 43-66 p.
Keyword [en]
Air pollution, Carbon dioxide, Emission, Policy, Trade
National Category
Economics
Research subject
Road: General works, surveys, comprehensive works, Road: Economics
Identifiers
URN: urn:nbn:se:vti:diva-330DOI: 10.1016/S0928-7655(98)00033-5OAI: oai:DiVA.org:vti-330DiVA: diva2:666978
Available from: 2013-11-25 Created: 2013-11-25 Last updated: 2014-08-25Bibliographically approved

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Carlén, Björn
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CiteExportLink to record
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Citation style
  • apa
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  • de-DE
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