McMaster
Experimental Economics Laboratory
Environmental Policy: Lessons from the Laboratory
Stuart Mestelman, McMaster University
January 2000
Abstract
The controlled laboratory experiment is spreading rapidly as a method for
evaluating theories of economic behaviour and policy prescriptions. Environmental
regulation is an area that is ripe for laboratory investigation. This paper
presents insights drawn from the existing literature using laboratory methods
in economics and related disciplines on the use of taxation and subsidy,
standards and fines, transferable quota, and voluntary restraint as mechanisms
for environmental regulation.
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