The purpose of the laboratory tests reported here is to identify a well-functioning design, tailored for an upcoming unique experiment using real-world relevant decision makers for carbon emission reduction trade among four countries committed to binding carbon emission limits, a form of...

The cost-effectiveness of the KyotoProtocol and any similar non-global treatywould be enhanced by attracting additionalcountries to international emissions tradingand achieving this as soon as possible. Incontrast to what is heard in most of thedebate, such an enlargement is here taken to...

This paper evaluates the distributional implications of alternative permit allocations in a tradeable permit regime for carbon emissions reductions (20% below baseline) in 2010 for a region consisting of Europe and the states of the former Soviet Union (FSU). Participation in such a regime is...

Experimental methods have recently been used to evaluate environmental policy instruments, in particular -- and most suitably, it seems -- emissions trading programs of various designs. Some studies have focused on domestic emissions trading programs, while others have focused on international...

The cost-effectiveness of the Kyoto Protocol and any similar non-global treaty would be enhanced by attracting as many new countries as possible to integrational emissions trading and achieving these additions as soon as possible. This paper focuses on two forms of compensation that can be used...

In discussions about the policy design of domestic emission trading, e.g., when implementing the <p> Kyoto Protocol, the two permit allocation alternatives ­ auctioning and allocation gratis <p> (grandfathering) ­ are often pitted against each other as representing utopian cost-effectiveness and <p>...</p></p></p>

Preference reversal has been frequent in tests with hypothetical, or small real, payoffs concerning lotteries as well as claims redeemable at different future dates. Preference reversal is tested here for the latter case with nontrivial payment levels and subjects likely to deal with decisions...