| dc.contributor.author | Søberg, Morten | |
| dc.date.accessioned | 2012-02-05T16:13:13Z | |
| dc.date.available | 2012-02-05T16:13:13Z | |
| dc.date.issued | 1999 | |
| dc.identifier.issn | 1892-753x | |
| dc.identifier.uri | http://hdl.handle.net/11250/180721 | |
| dc.description.abstract | This paper reports an experimental test of international quota trading on a market characterised by several dominant traders. Asymmetric information regarding quota demand and supply imply true market-clearing prices which differ from an expected competitive quota price. However, in the experiment the expected price level emerges as a focal point on which the bulk of quota trade contracts are keyed. Thus, incomplete price discovery obtains.
Keywords: Asymmetric information, tradable quotas, experimental Economics. | no_NO |
| dc.language.iso | eng | no_NO |
| dc.publisher | Statistics Norway, Research Department | no_NO |
| dc.relation.ispartofseries | Discussion Papers;No. 248 | |
| dc.subject | Tradable quotas | no_NO |
| dc.subject | JEL classification: D82 | no_NO |
| dc.subject | JEL classification: Q25 | no_NO |
| dc.subject | JEL classification: C90 | no_NO |
| dc.title | Asymmetric information and international tradable quota treaties : an experimental evaluation | no_NO |
| dc.type | Working paper | no_NO |
| dc.subject.nsi | VDP::Social science: 200::Economics: 210::Economics: 212 | no_NO |
| dc.source.pagenumber | 20 s. | no_NO |
