Does the Varian Mechanism Work? -Emissions Trading as an Example
This paper investigates whether Varian's (1994) compensation mechanism can work in a laboratory. The results show that this mechanism does not work as in the theory. We found that the magnitude of penalties crucially affects subjects' behavior.
Year of publication: |
2004-02
|
---|---|
Authors: | Hamaguchi, Yasuyo ; Mitani, Satoshi ; Saijo, Tatsuyoshi |
Institutions: | Research Institute of Economy, Trade and Industry (RIETI) |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Does the Varian mechanism work? : Emissions trading as an example
Hamaguchi, Yasuyo, (2003)
-
Does the Varian Mechanism Work?--Emissions Trading as an Example
Hamaguchi, Yasuyo, (2003)
-
An Experimental Study of Leniency Programs
Hamaguchi, Yasuyo, (2005)
- More ...