There is increasing recognition that there are a range of environmental goods and services that are important to society as a whole, but may have little or no value to individual landowners whose land may contribute to the overall production of these services within the landscape. Many of these...

In Hungary, similarly to developed countries, the share of agriculture in the GDP has declined. Even so, preparation of the sector’s long term strategy is crucial, as the role of agriculture exceeds the results represented in the GDP. Environmental and social functions of agriculture are...

As part of international climate change policy, voluntary opt-in programs to reduce emissions in unregulated sectors or countries have spurred considerable discussion. Since any regulator will make errors in predicting baselines, adverse selection will reduce efficiency since participants will...

This paper reviews agricultural externalities as a source of market failure and as a reason for a lack of sustainability of agricultural incomes and production. It concentrates mainly on environmental externalities (which include biodiversity loss) but consideration is also given to...

Auctions are a potentially suitable policy tool for increasing the efficiency of Agri- Environmental Schemes (AES) through an improved allocation of contracts. In theory, through the auction mechanism, farmers have incentives to reveal their compliance costs, helping to reduce information rents...

There is a wide range of evaluation methods. On the basis of which criteria should one method be chosen? On what scientific foundations are the results of numerous evaluations based? How can reliability and empirical validity be tested? The relevance of such questions is heightened in new fields...

There is a wide range of evaluation methods. On the basis of which criteria should one methodbe chosen? On what scientific foundations are the results of numerous evaluations based? Howcan reliability and empirical validity be tested? The relevance of such questions is heightened innew fields of...

It has bee suggested by many authors that adverse selection in government schemes for the procurement of ecosystem services impairs both the efficiency of these schemes and the value for money that they deliver to taxpayers and funding agencies. However, recent research considers that these...