Dynamic Efficiency in Experimental Emissions Trading Markets with Investment Uncertainty
This study employs a laboratory experiment to assess the performance of tradable permit markets on dynamic efficiency arising from cost-reducing investment. The permit allocation rule is the main treatment variable, with permits being fully auctioned or grandfathered. The experimental results show s...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer Science and Business Media B.V.
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |