Agents with ex-ante claims over a common pool resource (CPR) of uncertain size face the risk of resource shortage if the sum of the claims they have over the common pool resource is incompatible with the actual resource size. In case of shortage, a sharing rule or bankruptcy rule is required to...

Agri-environment schemes were introduced into the Common agricultural policy (CAP) in 1992 as a financial instrument to support farming practices contributing to protect the environment and to preserve natural resources. They are based on the voluntary provision of environmental services (above...

Bioprospection is, largely, meant to help reducing deforestation and, the other way around, stopping deforestation enhances the prospects of bioprospection. The need for a global agreement to the problem of tropical deforestation has led to the REDD (Reducing Emissions from Deforestation and...

Auctions are increasingly used in agri-environmental contracting. However, the issue of synergy effect between agri-environmental measures has been consistently overlooked, both by decision-makers and by the theoretical literature on conservation auction. Based on laboratory experiments, the...

In developing countries, biodiversity is often threatened by the development of agricultural production because natural habitats are destroyed by the conversion of forests, wetlands or natural pastures into arable land. There is a trade-o¤ between revenues generated by agricultural production...

Environmental policies are characterized by a growing emphasis on participation, devolution and negotiated decision making. Increasingly, centralized top down decision making systems are being replaced by new forms of local governance. In their strongest versions, these involve delegation of...

Most existing water markets combine water rights trading and water allocation trading. Offering different levels of security for rights can make the market more sophisticated and allow water users to manage the risks of supply uncertainty better. We compare results from a laboratory experiment...

Is it better for a seller who wants to auction multiple units to face many small bidders or few large bidders? Since multi-unit auction models usually have many equilibria, there are no theoretical predictions on the impact of the competition structure on the performance of a multi-unit auction...

Safeguarding tropical rainforests is one of the most important challenges for the future, particularly to mitigate climate change. The international community has actively sought international policy solutions to curb deforestation in tropical countries. Debt-for-nature swaps and certification...