登入選單
返回Google圖書搜尋
Do Emission Trading Schemes Facilitate Efficient Abatement Investments?
Silvester van Koten
其他書名
An Experimental Study
出版Economics Institute, Academy of Sciences of the Czech Republic, 2014
ISBN80734430079788073443009
URLhttp://books.google.com.hk/books?id=xeS5oAEACAAJ&hl=&source=gbs_api
註釋Cap-and-trade programs, such as the EU carbon Emission Trading Scheme, are currently the most prominent market-based method used to reduce carbon emissions. Cap-and-trade programs are, on theoretical grounds, considered to be a cost-efficient method. Experimental evidence, however, shows that experimental subjects make highly inefficient abatement choices and that permit allocation methods (allocating permits for free or against payment) bias subjects to too much or too little abatement. The experimental evidence thus suggests that cap-and-trade programs may in practice be more costly than theory predicts. This study, however, challenges this interpretation and shows that, when they are price takers (as in thick markets) and have ample opportunities for learning, subjects quickly learn to make accurate decisions and that these decisions are not affected by the permit allocation method.