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An Experimental Economic Analysis of Carbon Trading Options for Australia AgEcon
Tisdell, John G.; Grainger, Corinne.
Australia is currently developing a carbon emissions trading program. The Garnaut report recommendations include options for the allocation of carbon credits, trading schemes, banking and borrowing, and self reporting mechanisms. This paper reports the results of a series of economic experiments in which we explored spot and future markets given high and low levels of carbon credit reductions. The results provide important insights to the current debate in Australia and highlight the importance of well crafted market design.
Tipo: Conference Paper or Presentation Palavras-chave: Climate change; Emissions trading; Compliance; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q53; Q54.
Ano: 2009 URL: http://purl.umn.edu/51044
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An Experimental Economic Analysis of Carbon Trading Options for Australia AgEcon
Tisdell, John G.; Grainger, Corinne.
Australia is currently developing a carbon emissions trading program. The Garnaut report recommendations include options for emissions trajectories, coverage, permit allocation, inter-temporality, governance and compliance. This paper reports the results of a series of economic experiments in which we explored spot and future markets given high and low levels of carbon credit reductions. The results provide important insights to the current debate in Australia and highlight the importance of well crafted market design.
Tipo: Conference Paper or Presentation Palavras-chave: Carbon trading; Emissions trading; Future markets; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/96661
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Bringing Biophysical Models into the Economic Laboratory: An Experimental Analysis of Sediment Trading in Australia AgEcon
Tisdell, John G..
Experimental economics has emerged and matured as a formal method for questioning and stress testing economic theory and assumptions concerning individual behavior. More recently, experimental methods have been used successfully in an economic laboratory to test alternative environmental policy options. The data underpinning these experiments is often stylized or hypothetical in nature. Ecologists and experimental economics have much to gain by exploring ways to underpin economic experiments with data generated from biophysical models in terms of external validity and salient features of the issue at hand. The study makes a contribution by demonstrating how underpinning experiments with regionally modeled biophysical data may give insights which would not...
Tipo: Conference Paper or Presentation Palavras-chave: Sediment trading; EMSS; Natural resource markets; Experimentation; Environmental Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/25631
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