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Registration

Field Before After
Trial Status in_development completed
Last Published March 06, 2024 02:38 PM September 24, 2026 04:08 AM
Study Withdrawn No
Intervention Completion Date April 17, 2024
Data Collection Complete Yes
Final Sample Size: Number of Clusters (Unit of Randomization) 232 subjects
Was attrition correlated with treatment status? No
Final Sample Size: Total Number of Observations 232 subjects
Final Sample Size (or Number of Clusters) by Treatment Arms 29 independent markets
Public Data URL https://doi.org/10.1016/j.euroecorev.2026.105358
Is there a restricted access data set available on request? No
Program Files Yes
Program Files URL https://ars.els-cdn.com/content/image/1-s2.0-S0014292126001029-mmc2.zip
Data Collection Completion Date April 17, 2024
Is data available for public use? Yes
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Papers

Field Before After
Paper Abstract This study investigates theoretically and experimentally firm-level adoption and market-level diffusion incentives of cost-saving abatement technology in price-collared emissions markets. Our theoretical model shows that the degree of technology diffusion in an industry comprising heterogeneous firms depends on both the position and width of the price collar. The model admits markets without price controls and emissions taxes as special cases, enabling unambiguous rankings of how alternative policies affect technology diffusion. We also implement a laboratory market experiment to provide empirical tests of these rankings. The experimental results strongly support the theoretical predictions regarding differences in technology adoption and diffusion across policy arrangements. Consistent with the theoretical predictions, firms with higher abatement costs adopt the technology more frequently, permit prices increase with positive shocks to abatement costs, and prices decrease in the degree of technology diffusion.
Paper Citation Timothy N. Cason, John K. Stranlund, Frans P. de Vries, Technology adoption under emissions taxes and permit markets with price collars, European Economic Review, Volume 187, 2026, 105358,
Paper URL https://doi.org/10.1016/j.euroecorev.2026.105358
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