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Does the structure of the fine matter?
Caffera, Marcelo; Chávez, Carlos; Ardente, Analia - Facultad de Ciencias Empresariales y Economía, … - 2013
We study individual compliance behavior with respect to a legal norm in an experimental setting under two different regulatory instruments: emission standards and tradable pollution permits. Compliance to the same set of standards and expected permit holdings was induced with different...
Persistent link: https://www.econbiz.de/10011196448
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An Experimental Analysis of Compliance in Dynamic Emissions Markets
Stranlund, John K.; Murphy, James J.; Spraggon, John M. - Department of Economics, College of Business and Public … - 2011
designed to investigate enforcement and compliance when these markets allow permit banking. Banking is motivated by a decrease …
Persistent link: https://www.econbiz.de/10010607613
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Imperfect Enforcement of Emissions Trading and Industry Welfare: A Laboratory Investigation
Stranlund, John K.; Murphy, James J.; Spraggon, John M. - 2008
efficient at allocating individual emission control choices despite imperfect enforcement and significant noncompliance. However …
Persistent link: https://www.econbiz.de/10005162700
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An Experimental Analysis of Compliance in Dynamic Emissions Markets
Stranlund, John K.; Murphy, James J.; Spraggon, John M. - 2010
designed to investigate enforcement and compliance when these markets allow permit banking. Banking is motivated by a decrease …
Persistent link: https://www.econbiz.de/10008646297
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Imperfect Enforcement of Emissions Trading and Industry Welfare: A Laboratory Investigation
Stranlund, John; Murphy, James J.; Spraggon, John M.; … - Department of Economics, College of Business and Public … - 2012
efficient at allocating individual emission control choices despite imperfect enforcement and significant noncompliance. However …
Persistent link: https://www.econbiz.de/10010900536
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Price Controls and Banking in Emissions Trading: An Experimental Evaluation
Stranlund, John K.; Murphy, James J.; Spraggon, John M. - Department of Economics, College of Business and Public … - 2014
We present results from laboratory emissions markets designed to investigate the effects of price controls and permit banking on limiting permit price risk. While both instruments reduce between-period price volatility and within-period price dispersion, combining price controls and permit...
Persistent link: https://www.econbiz.de/10010945585
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Price controls and banking in emissions trading: An experimental evaluation
Stranlund, John K.; Murphy, James J.; Spraggon, John M. - In: Journal of Environmental Economics and Management 68 (2014) 1, pp. 71-86
We present results from laboratory emissions markets designed to investigate the effects of price controls and permit banking on limiting permit price risk. While both instruments reduce between-period price volatility and within-period price dispersion, combining price controls and permit...
Persistent link: https://www.econbiz.de/10011193791
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A Laboratory Investigation of Compliance Behavior under Tradable Emissions Rights: Implications for Targeted Enforcement
Murphy, James J.; Stranlund, John K. - 2005
risk-neutral firms and the marginal effectiveness of increased enforcement across firms are independent of differences in … emissions trading programs because it suggests that regulators have no justification for targeting their enforcement effort … the marginal effectiveness of enforcement depends on any firmspecific characteristic. We also examine the determinants of …
Persistent link: https://www.econbiz.de/10005687122
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The deterrence effect of linear versus convex fines : laboratory evidence
Caffera, Marcelo; Chávez Rebolledo, Carlos; Ardente, … - In: Journal of applied economics 24 (2021) 1, pp. 45-70
Using experiments in which participants play the role of polluting firms, we study compliance behavior with emissions limits under two types of fines and two different regulatory instruments. We find that the market price of pollution permits and the probability of violating permits holdings are...
Persistent link: https://www.econbiz.de/10013174118
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Should we tax or let firms trade emissons? An experimental analysis with policy implications for developing countries
Coria, Jessica; Villegas-Palacio, Clara; Cárdenas, … - Nationalekonomiska institutionen, Handelshögskolan - 2011
(2010) about the effects of the interaction between technology adoption and incomplete enforcement. They show that under … the benefits from adopting the new technology increase with the enforcement stringency.<p> Our experimental results …
Persistent link: https://www.econbiz.de/10011019087