Discussion Papers no. 280

An experimental evaluation

Imperfect competition, sequential auctions, and emissions trading

This paper reports an experiment that studies the behavior of a monopolist on sequential auction markets for tradable permits. Using six sessions in a triple ABA crossover design, we investigate the cost-effectiveness of permit allocations and the division of trade gains on sequential bid, offer, and double auction markets. The main result is that cost-effectiveness and supra-competitive profits accrued by the monopolist are observed on all the three auction markets.

Om publikasjonen

Tittel

Imperfect competition, sequential auctions, and emissions trading. An experimental evaluation

Ansvarlig

Morten Søberg

Serie og -nummer

Discussion Papers no. 280

Utgiver

Statistics Norway, Research Department

Emne

Discussion Papers

Antall sider

26

Målform

Engelsk

Om Discussion Papers

Discussion papers comprise research papers intended for international journals and books. A preprint of a Discussion Paper may be longer and more elaborate than a standard journal article as it may include intermediate calculations, background material etc.

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