caa a22 4500 44585488X CHVBK 20180317145425.0 cr unu---uuuuu 170323e20110101xx s 000 0 eng 10.1007/s10640-010-9395-0 doi (NATIONALLICENCE)springer-10.1007/s10640-010-9395-0 Fees and the Efficiency of Tradable Permit Systems: An Experimental Approach [Elektronische Daten] [Fridrik Baldursson, Jon Sturluson] The paper presents the results of an economic experiment in which the effects of fees on allocative efficiency of tradable utilization permits (e.g. pollution permits) are explored. Laboratory subjects (university students) play the roles of firms whose generic product requires a specific input or permits. Scarcity is exogenously introduced by a fixed supply of tradable production permits. Three treatments are compared: No fee imposed (N); a fixed tax per permit (T); and partial retraction of permits and subsequent redistribution by auction (A). Treatments T and A represent two different ways of imposing fees, which are designed to be revenue equivalent. Our results indicate that, after controlling for deviation of permit prices from a prediction based on fundamentals, fees have an impact on distribution of permits. Interestingly, a fixed tax enhances efficiency compared to the case of no fees while retraction and reallocation by auction tends to reduce efficiency. Apparently, subjects' decision making is affected by the imposition of fees, but how and to what extent depends on the method used. Springer Science+Business Media B.V., 2010 Tradable permits nationallicence Taxation nationallicence Auctions nationallicence Efficiency nationallicence Experimental economics nationallicence Baldursson Fridrik School of Business, Reykjavik University, Menntavegur 1, 101, Reykjavik, Iceland aut Sturluson Jon School of Business, Reykjavik University, Menntavegur 1, 101, Reykjavik, Iceland aut Environmental and Resource Economics Springer Netherlands 48/1(2011-01-01), 25-41 0924-6460 48:1<25 2011 48 10640 https://doi.org/10.1007/s10640-010-9395-0 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-010-9395-0 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Baldursson Fridrik School of Business, Reykjavik University, Menntavegur 1, 101, Reykjavik, Iceland aut NATIONALLICENCE 700 1- Sturluson Jon School of Business, Reykjavik University, Menntavegur 1, 101, Reykjavik, Iceland aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 48/1(2011-01-01), 25-41 0924-6460 48:1<25 2011 48 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer