This paper compares efficiencies of double auction and bilateral trading in GHG emission trading experiments with the addition of two rules, abatement irreversibility of GHG emissions and non-compliance penalty, to Hizen and Saijo (1998). Using a new concept of equilibrium, we found that (i)...

Both excludable public goods with non-rivalry and private goods with network externalities have a coordination problem.In this study, we define generalized non-rivalry to investigate coordination mechanisms for both types of goods.We focus on the equal cost-sharing with maximal participation...