Abstract
Emissions trading scheme is widely applied for mitigation policy of CO2 emissions. Recently, emissions trading are evaluated by many researches. In such studies, economic experiment is one of the effective analysis methods for policy analysis. In real emissions trading, participants are allowed to become seller and buyer of emission permits. In almost all of previous studies, subjects are either buyer or sellers, but not both. In this study, however, we evaluate effectiveness of double auction and uniform price auction which allow participants to become buyer and seller. The results of our research suggest that, overall the organized trading process outperforms in the uniform price auction.
