search query: @author Gangadharan, L. / total: 3
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| Author: | Cason, T.N. Gangadharan, L. Duke, C. |
| Title: | Market power in tradable emission markets: a laboratory testbed for emission trading in Port Phillip Bay, Victoria |
| Journal: | Ecological Economics
2003 : OCT, VOL. 46:3, p. 469-491 |
| Index terms: | Environmental protection Pollution Pollution control Trading |
| Freeterms: | Market power |
| Language: | eng |
| Abstract: | In theory, competitive emission permit markets minimize total abatement costs. Permit markets are often imperfectly competitive, however, and may be thin and dominated by large companies. The dominant company(companies) could exercise market power and increase other companies' costs of pollution control, while reducing their own emission control costs. This article reports a testbed laboratory experiment to examine whether a dominant company can exercise market power in a permit market organized using the double auction trading institution. |
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