Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/174362 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
Economics Working Paper No. 2018-02
Verlag: 
Kiel University, Department of Economics, Kiel
Zusammenfassung: 
We experimentally test the truth-telling mechanism proposed by Montero (2008) for eliciting firms' abatement costs. We compare this mechanism with two well-known alternative allocation mechanisms, grandfathering and pure auctioning. We conducted 27 treatments with a total of 623 participants, controlling for the allocation mechanism, the number of firms, and the true maximal emission levels. We find that, in line with the theoretical predictions, firms over-report their maximal emissions under grandfathering and under-report them under pure auctioning, while under Montero's mechanism firms almost always report their maximal emissions truthfully. However, in terms of efficiency, the difference between Montero's mechanism and pure auctioning disappears when there is more than one firm in the market.
Schlagwörter: 
mechanism design
environmental policy
permit trading
auctions
experiment
JEL: 
C92
D44
L51
Q28
Dokumentart: 
Working Paper

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