An experimental analysis of compliance in dynamic emissions markets

被引：23

作者：

Stranlund, John K. ^{[1
]}

Murphy, James J. ^{[2
]}

Spraggon, John M. ^{[1
]}

机构：

[1] Univ Massachusetts, Dept Resource Econ, Amherst, MA 01003 USA

[2] Univ Alaska Anchorage, Dept Econ, Anchorage, AK USA

来源：

JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT | 2011年 / 62卷 / 03期

关键词：

Compliance; Enforcement; Emissions trading; Laboratory experiments; Permit markets; Permit banking; PERMIT MARKETS; TRADING PROGRAMS; TAX COMPLIANCE; POLLUTION; BANKING; ENFORCEMENT; FIRMS; POWER; NONCOMPLIANT; CHOICE;

D O I：

10.1016/j.jeem.2010.10.010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Two important design elements for emission trading programs are whether and to what extent firms are able to bank emissions permits, and how these programs are to be enforced. In this paper we present results from laboratory emissions markets designed to investigate enforcement and compliance when these markets allow permit banking. Banking is motivated by a decrease in the aggregate permit supply in the middle of multi-period trading sessions. Consistent with theoretical insights, our experiments suggest that high permit violation penalties have little deterrence value in dynamic emissions markets, and that the main challenge of enforcing these programs is to motivate truthful self-reports of emissions. (C) 2011 Elsevier Inc. All rights reserved.

引用

页码：414 / 429

页数：16

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