search query: @indexterm International trade / total: 2170
reference: 236 / 2170
| Author: | Soberg, M. |
| Title: | Price expectations and international quota trading: an experimental evaluation |
| Journal: | Environmental and Resource Economics
2000 : NOV, VOL. 17:3, p. 259-277 |
| Index terms: | AIR POLLUTION ENVIRONMENTAL PROTECTION INTERNATIONAL TRADE |
| Language: | eng |
| Abstract: | This paper reoprts a preliminary experimental test of international quota trading on a market characterized by several dominant traders. Uncertain quota demand and supply imply true market-clearing prices that in general 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. |
SCIMA