User: Guest  Login
Title:

The influence of contract length on the performance of sequential conservation auctions

Document type:
Zeitschriftenaufsatz
Author(s):
Glebe, Thilo W.
Non-TUM Co-author(s):
nein
Cooperation:
-
Abstract:
The present article explores the extent to which the performance of a sequential conservation auction can be improved by changing the duration of conservation contracts. Optimal bidding in the context of a sequential conservation auction is modeled as a dynamic optimization problem and solved through backward induction. We show that a longer duration of conservation contracts increases not only the privately optimal bid of a risk-neutral bidder but also the probability that a land plot is includ...     »
Keywords:
agri-environmental policy; conservation auctions; conservation contracting; contract length; sequential auctions
Intellectual Contribution:
Discipline-based Research
Journal title:
American Journal of Agricultural Economics
Journal listet in FT50 ranking:
nein
Year:
2021
Year / month:
2021-07
Fulltext / DOI:
doi:10.1111/ajae.12247
Publisher:
Wiley
E-ISSN:
0002-90921467-8276
Date of publication:
26.07.2021
Judgement review:
0
Key publication:
Ja
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
Commissioned:
commissioned by government agency
Professional Journal:
Ja
Technology:
Nein
Interdisciplinarity:
Nein
Mission statement:
;
Ethics and Sustainability:
Nein
 BibTeX