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Sustainability 2018, 10(6), 1972; https://doi.org/10.3390/su10061972

Laboratory Experiments of Tradable Development Rights: A Synthesis of Different Treatments

Chair of Economic Policy and SME Research, University of Goettingen, 37073 Goettingen, Germany
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Received: 26 April 2018 / Revised: 14 May 2018 / Accepted: 16 May 2018 / Published: 12 June 2018
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Abstract

Tradable development rights (TDR) are considered by scholars and regulators in various countries as a means of reducing land consumption efficiently. Similar to the development of CO2-certificate trading schemes, the methodology of experimental economics can be used to derive empirical evidence on the core parameters and problems of TDR schemes, thus extending theoretical modelling and evidence from case studies. Building on a common laboratory experimental framework, we discuss results from five distinct experiments that consider mechanisms of allocation, resilience against external shocks, political business cycles, communication and collusion, and risk. These results provide initial empirical directions for the further study and introduction of TDR schemes for managing and reducing environmental issues related to land consumption for building projects. View Full-Text
Keywords: cap & trade; economic experiment; land consumption; land use; tradable planning rights cap & trade; economic experiment; land consumption; land use; tradable planning rights
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Proeger, T.; Meub, L.; Bizer, K. Laboratory Experiments of Tradable Development Rights: A Synthesis of Different Treatments. Sustainability 2018, 10, 1972.

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