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Titel:

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

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Glebe, Thilo W.
Nicht-TUM Koautoren:
nein
Kooperation:
-
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...     »
Stichworte:
agri-environmental policy; conservation auctions; conservation contracting; contract length; sequential auctions
Intellectual Contribution:
Discipline-based Research
Zeitschriftentitel:
American Journal of Agricultural Economics
Journal gelistet in FT50 Ranking:
nein
Jahr:
2021
Jahr / Monat:
2021-07
Volltext / DOI:
doi:10.1111/ajae.12247
Verlag / Institution:
Wiley
E-ISSN:
0002-90921467-8276
Publikationsdatum:
26.07.2021
Urteilsbesprechung:
0
Key publication:
Ja
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
commissioned:
commissioned by government agency
Professional Journal:
Ja
Technology:
Nein
Interdisziplinarität:
Nein
Leitbild:
;
Ethics und Sustainability:
Nein
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