Experimental testbedding of a pollution trading system: Southern California's RECLAIM emissions market

Research in Experimental Economics

Volumn 8, Issue , 2001, Pages 185-220

  Ishikida, Takashi ^a   Ledyard, John ^a   Olson, Mark ^a   Porter, David ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 26644466973     PISSN: 01932306     EISSN: None     Source Type: Book Series    
DOI: 10.1016/s0193-2306(01)08009-7     Document Type: Article

References (22)

1. Atkinson Tietenberg Market Failure in Incentive-Based Regulation: the Case of Emissions Trading Journal of Environmental Economics and Management 21 1991 17 31
2. J.S. Banks J.O. Ledyard D.P. Porter Allocating uncertain and unresponsive resources: an experimental approach RAND Journal of Economics 20 1 1989 (Spring)
3. 2 emissions trading program; cost savings without allowance trades Contemporary Economic Policy 14 1994 79 94
4. J. Campbell S. LaMaster V. Smith M. Van Boening Off-floor Trading, Disintegration and the Bid-Ask Spread in Experimental Markets The Journal of Business 64 1991 495 522
5. D. Carlson C. Forman J. Ledyard N. Olmstead C. Plott D. Porter A. Sholtz An Analysis and Recommendation for the Terms of the RECLAIM Trading Credit Pacific Stock Exchange Technical Report 1993 April 27, 1993
6. T. Cason An experimental investigation of the seller's incentives in EPA's emission trading auction American Economic Review 85 1995 905 922
7. T. Cason C. Plott EPA's new emissions trading mechanism: a laboratory evaluation Journal of Environmental Economics and Management 30 1996 133 160
8. D.D. Davis C.A. Holt Experimental Economics 1993 Princeton University Press Princeton, New Jersey
9. D. Friedman How trading institutions affect financial market performance: some laboratory evidence Economic Inquiry 31 3 1993 410 435
10. R. Hahn G. Hester Where did all the markets go? Yale Journal on Regulation 6 1989 109 153
11. T. Ishikida J. Ledyard M. Olson D. Porter A Two-Sided Packaging Mechanism for Allocating Pollution Emission Credits: Results from Southern California's RECLAIM Market 1999 California Institute of Technology mimeo
12. P. Joskow R. Schmalensee E. Bailey The Market for Sulfur Dioxide Emissions American Economic Review 88 4 1998 669 685
13. J. Ledyard The design of coordination mechanisms and organizational computing Journal of Organizational Computing 3 1 1993 121 134
14. Y.-J. Liu Auction mechanisms and information structure: an experimental study of information aggregation in security markets 1992 National Chung Cheng University Taiwan Mimeo
15. K.A. McCabe S.J. Rassenti V.L. Smith Designing a uniform-price double-auction: an experimental evaluation D. Friedman J. Rust The Double Auction Market, SFI Studies in the Sciences of Complexity, Proc . Vol. XIV 1993 Addison-Wesley 307 332
16. P. Milgrom Putting auction theory to work: the simultaneous ascending auction Journal of Political Economy 1081 2 2000 245 272
17. D. Montgomery Markets in licenses and efficient pollution control programs Journal of Economic Theory 1972 395 418
18. C. Plott Market architectures, institutional landscapes, and testbed experiments Economic Theory 4 1994 3 10
19. S. Skiena The Algorithm Design Manual 1997 Springer-Verlag New York
20. V.L. Smith A.W. Williams W.K. Bratton M.G. Vannoni Competitive market institutions: double auctions versus sealed bid — offer auctions American Economic Review 72 1982 58 77
21. M. Van Boening Call Versus Continuous Auctions: An Experimental Study of Market Organization Dissertation 1991 University of Arizona
22. M. Van Boening M. Wilcox Avoidable cost: ride a double auction roller coaster American Economic Review 86 1996 461 477