7. Environmental Markets: What Do We Learn from the Lab?

  1. Charles N. Noussair and
  2. Steven Tucker
  1. Lana Friesen1 and
  2. Lata Gangadharan2

Published Online: 15 NOV 2013

DOI: 10.1002/9781118790700.ch7

A Collection of Surveys on Market Experiments

A Collection of Surveys on Market Experiments

How to Cite

Friesen, L. and Gangadharan, L. (2013) Environmental Markets: What Do We Learn from the Lab?, in A Collection of Surveys on Market Experiments (eds C. N. Noussair and S. Tucker), John Wiley & Sons Ltd, Chichester, UK. doi: 10.1002/9781118790700.ch7

Author Information

  1. 1

    School of Economics, University of Queensland, Australia

  2. 2

    Department of Economics, Monash University, Australia

Publication History

  1. Published Online: 15 NOV 2013
  2. Published Print: 6 DEC 2013

ISBN Information

Print ISBN: 9781118790717

Online ISBN: 9781118790700

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Keywords:

  • Environmental Policy;
  • Laboratory Experiments

Summary

In recent years, some of the most influential policies have been either tested or evaluated using experimental methods. Experiments have provided significant insights on the implications of different designs on market outcomes and the lessons learned have helped improve academic debate and the interaction between policy makers and researchers. In this paper, we provide an overview of experiments relating to environmental markets. Expenditure on environmental programs has been growing in importance yet it is controversial in current times due to the fiscal cuts around the world. Finding cost-effective ways of reaching environmental goals is thus an objective of most governments. Research using experiments can help isolate how individuals and regulators would respond to incentives and therefore identify the most effective programs.