| 題名: | Does the Varian Mechanism Work? -- Emissions Trading as an Example |
| 作者: | Yasuyo Hamaguchi Satoshi Mitani Tatsuyoshi Saijo |
| 關鍵字: | emissions trading|compensation mechanism|experiments |
| 期刊名/會議名稱: | international journal of business and economics |
| 摘要: | This paper investigates whether Varian’s (1994) compensation mechanism can work in a laboratory. The results show that this mechanism does not work as in the theory. We found that the magnitude of penalties crucially affects subjects’ behavior. |
| ISSN: | issn16070704 |
| 日期: | 2003/08/01 |
| 分類: | Volume02,No.2 |
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