We summarize and review the literature on two types of economic experiments. First, we
explore the consequences for environmental policies of the vast body of literature refuting …

The purpose of this study was to design an auction mechanism for use by the Regional
Greenhouse Gas Initiative (RGGI) for selling emission allowances. We conducted a series of …

We report on laboratory experiments, with financially motivated participants, comparing
alternative proposals for managing the time path of emission allowance prices in the face of …

Climate change policy analysis has focused almost exclusively on national policy and even
on harmonizing climate policies across countries, implicitly assuming that harmonization of …

Environmental markets have several institutional features that provide a new context for the
use of auctions and that have not been studied previously. This paper reports on laboratory …

Carbon allowance auctions are a component of existing and proposed regional cap-and-
trade programs in the United States and are also included in recent proposed bills in the US …

Emissions trading regulation, despite facing hard times at present, I remains one of the most
potent tools in the environmental policymaker's toolkit. Not only has such regulation …

In recent years, some of the most influential policies have been either tested or evaluated
using experimental methods. Experiments have provided significant insights on the …

The introduction of a price on CO 2 is expected to be more efficient than prescriptive
regulation. It also instantiates substantial economic value. Initially, programs allocated this …

The laboratory provides a test bed to inform many design choices for emissions permit
markets. Experiments are sometimes strongly motivated and structured by specific …