Data/hora: 07/06/2024 06:30:20

Provedor de dados: | 31
País: | United States
Título: | Imperfect Enforcement of Emissions Trading and Industry Welfare: A Laboratory Investigation
Autores: | Stranlund,   John K.; Murphy,   James J.; Spraggon,   John M.
Data: | 2008-07-25
Ano: | 2008
Palavras-chave: | Enforcement; Compliance; Emissions trading; Permit markets; Pollution; Laboratory experiments; Environmental Economics and Policy; Public Economics; C91; L51; Q58.
Resumo: | This paper uses laboratory experiments to investigate the performance of emission permit markets when compliance is imperfectly enforced. In particular we examine deviations in observed aggregate payoffs and expected penalties from those derived from a model of risk-neutral payoff-maximizing firms. We find that the experimental emissions markets were reasonably efficient at allocating individual emission control choices despite imperfect enforcement and significant noncompliance. However, violations and expected penalties were lower than predicted when these are predicted to be high, but were about the same as predicted values when these values were predicted to be low.  Thus, although a standard model of compliance with emissions trading programs tends to predict significantly higher violations than we observe when subjects have strong incentives to violate their emissions permits, individual emissions control responsibilities are distributed among firms as predicted.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/42124

Relação:

University of Massachusetts, Amherst&gt;Department of Resource Economics&gt;Working Paper Series

Working Paper

2008-1

Formato: | 33