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Reverse auctions are an established policy instrument for allocating conservation contracts. While the auction mechanism has been the subject of a number of studies, less attention has been paid to the post-bidding contract phase. As contracts involving natural resource management are usually...
Persistent link: https://www.econbiz.de/10010681853
Market-based instruments provide incentives for conservation on private lands, combining the economic efficiency of an auction with ecological site prioritization to select the best sites from those offered by landholders. However, landscape-scale goals such as increased habitat connectivity are...
Persistent link: https://www.econbiz.de/10010594445
Auctions, or competitive tenders, can overcome information asymmetries to efficiently allocate limited funding for ecosystem services. Most auctions focus on ecosystem services on individual properties to maximise the total amount provided. However, for many services it is not just the total...
Persistent link: https://www.econbiz.de/10009146403
Trust is frequently a requirement for economic exchanges and the management of natural resources. Providing public information on past actions can promote trust through the formation of reputations. We developed an economic experiment to test whether a formal reputation mechanism could...
Persistent link: https://www.econbiz.de/10008870615