Testing the theory of emissions trading: Experimental evidence on alternative mechanisms for global carbon trading

Ecological Economics

Volumn 53, Issue 1, 2005, Pages 47-58

  Klaassen, Ger ^a   Nentjes, Andries ^b   Smith, Mark ^c  

^a INTERNATIONAL INSTITUTE FOR APPLIED SYSTEMS ANALYSIS   (Austria)

^b UNIVERSITY OF GRONINGEN   (Netherlands)

^c Department of Chemistry   (United States)

Author keywords

Carbon dioxide; Distribution; Efficiency; Emissions trading; Experiment

Indexed keywords

CARBON EMISSION; EMISSIONS TRADING;

EID: 20144381493     PISSN: 09218009     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ecolecon.2004.12.017     Document Type: Article

References (25)

1. J.S. Banks, J. Ledyard, and D.P. Porter Allocating uncertain and unresponsive resources: an experimental approach Rand Journal of Economics 20 1 1989 1 25
2. Baron, R., Cremades, R., 1999. Greenhouse gas and electricity trading simulation. UNIPEDE/EUROELECTRIC/IEA/Paris Bourse SA, Paris. www.gets.org.
3. D.J. Bjornstad, S.R. Elliott, and D.R. Hale Understanding experimental economics and policy analysis in a federal agency: the case of marketable emissions trading R.M. Issac C. Holt Research in experimental economics: emissions permit experiments 1999 JAI Press Stanford
4. P. Bohm Joint implementation as emission quota trade: an experiment among four Nordic countries, Nord 1997-4 1997 Nordic Council of Ministers Copenhagen
5. P. Bohm, and B. Carlen Emission quota trade among the few: laboratory evidence of joint implementation among committed countries Resource and Energy Economics 21 1999 43 66
6. P. Bohm, and B. Carlen A cost-effective approach to attracting low-income countries to international emission trading: theory and experiments Environmental and Resource Economics 23 2002 187 211
7. T.N. Cason, S.R. Elliott, and M.R. Van Boening Speculation in experimental markets for emissions permits R.M. Issac C. Holt Research in experimental economics: emissions permit experiments 1999 JAI Press Stanford
8. M.B. Cronshaw, and J.B. Kruse An experimental analysis of emission permits with banking and the clean air act amendments of 1990 R.M. Issac C. Holt Research in experimental economics: emissions permit experiments 1999 JAI Press Stanford
9. M.B. Cronshaw, and J.B. Kruse Temporal properties of a market for emission permits with banking R.M. Issac C. Holt Research in experimental economics: emissions permit experiments 1999 JAI Press Stanford
10. Y. Ermoliev, A. Nentjes, and O. Michalevich Markets for tradeable emission and ambient permits: a dynamic approach Environmental and Resource Economics 15 2000 39 56
11. R. Godby Market power in emission permit double auctions R.M. Issac C. Holt Research in experimental economics: emissions permit experiments 1999 JAI Press Stanford
12. D. Gusbin, G. Klaassen, and N. Kouvaritakis The costs of a ceiling on Kyoto flexibility Energy Policy 27 14 1999 833 844
13. R.M. Issac, and C. Holt Research in experimental economics: emissions permit experiments 1999 JAI Press Stanford
14. P.W. Joskow, R. Schmalensee, and E. Bailey The market for sulfur dioxide emissions American Economic Review 88 4 1998 669 685
15. G. Klaassen Acid rain and environmental degradation; the economics of emission trading 1996 Edward Elgar/IIASA Cheltenham/Laxenburg
16. B. Metz, O. Davidson, J. Pan, and R. Swart Climate Change 2001: mitigation. Contribution of working group III to the third assessment report of the intergovernmental panel on climate change 2001 Cambridge University Press Cambridge
17. W.E. Montgomery Markets in licenses and efficient pollution control programs Journal of Economic Theory 1972 395 418
18. C.R. Plott Externalities and corrective policies in experimental markets Economic Journal 93 1983 106 127
19. J. Rubin A model of intertemporal emission trading, banking and borrowing Journal of Environmental Economics and Management 31 1996 269 286
20. V.L. Smith Economics in the laboratory Journal of Economic Perspectives 8 1 1994 113 131
21. M. Soberg Price expectations and international quota trading: an experimental evaluation Environmental and Resource Economics 17 3 2000 259 277
22. B. Stevens, and A. Rose A dynamic analysis of the marketable permits approach to global warming policy: a comparison of spatial and temporal flexibility Journal of Environmental Economics and Management 44 2002 45 69
23. T. Tietenberg Emission trading: an exercise in reforming pollution policy 1985 Resources for the Future Washington
24. D. Victor, N. Nakicenovic, and N. Victor The Kyoto protocol carbon bubble: implications for Russia, Ukraine and Emission Trading, IR-98-094 1998 International Institute for Applied Systems Analysis Laxenburg, Austria
25. F. Yamin, J.M. Burniaux, and A. Nentjes Kyoto mechanisms: key issues for policymakers for COP-6 International Environmental Agreements: Politics, Law and Economics 1 2 2000 187 218