This special volume is devoted to a single topic. In the past several years, many governments, including the United States and Canada, launched a major shift to what are sometimes called "incentive based" pollution control procedures. Because these proposed systems inherently required institutional design, they constituted a natural domain for laboratory experimental economics research.
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Seven papers present laboratory experimental economics research relating to emissions permits. Papers focus on laboratory experiments evaluating the efficacy of the sulfur dioxide Emission Allowance market created by the U.S. ...Holt is in the Department of Economics at the University of Virginia.
Journal of Economic Literature
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