Strappazzon, Loris; Ha, Arthur; Eigenraam, Mark; Duke, … - In: Australian Journal of Agricultural and Resource Economics 47 (2003) 1, pp. 1-27
The efficiency implications of different property right allocations when two environmental goods can be produced under the condition of economies of scope are analysed. It is assumed that an environmental agency - acting on behalf of the community - employs an auction-based mechanism to buy...