Canton, Joan; De Cara, Stéphane; Jayet, Pierre-Alain - In: Ecological Economics 68 (2009) 7, pp. 2114-2121
This work analyzes alternative designs of agri-environmental schemes and how different incentive mechanisms impact on their overall efficiency. It focuses on spatial targeting and delegation in an asymmetric information context. First, the optimal contract under adverse selection is modeled....