English, Article, Journal or magazine article edition: Imperfect competition, sequential auctions, and emissions trading: An experimental evaluation Morten Søberg

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Bookmark: http://trove.nla.gov.au/version/53510
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Imperfect competition, sequential auctions, and emissions trading: An experimental evaluation
Author
  • Morten Søberg
Physical Description
  • preprint
Notes
  • 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.
  • Market power; tradable permits; and experimental economics.
  • RePEc:ssb:dispap:280
Language
  • English
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