Kotani, Koji; Tanaka, Kenta; Managi, Shunsuke - School of Economics and Management, Kochi University of … - 2014
A marketable permit system (MPS) has been suggested as solutions to environmental problems. Whereas properties of MPSs in non-trader settings are well-documented, little is explored about how MPSs perform in trader settings. We instituted two auctions of trader settings in MPS experiments:...