2012年6月
Conservation Auctions and Compliance: Theory and Evidence from Laboratory Experiments
ENVIRONMENTAL & RESOURCE ECONOMICS
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- 巻
- 52
- 号
- 2
- 開始ページ
- 157
- 終了ページ
- 179
- 記述言語
- 英語
- 掲載種別
- 研究論文(学術雑誌)
- DOI
- 10.1007/s10640-012-9551-9
- 出版者・発行元
- SPRINGER
Many agri-environmental conservation programs are faced with the problem of imperfect monitoring. This provides farmers with an incentive for noncompliance, because they can receive subsidies without implementing the conservation scheme. In this paper, bidding behavior and auction performance are compared for discriminatory-price and uniform-price auctions in an imperfect monitoring environment. Our theoretical analysis suggests that auction performances are equalized between the discriminatory-price and uniform-price auctions. However, laboratory experiments reveal that, although the discriminatory-price auction has an advantage in terms of reducing policy costs, it is more likely to cause adverse selection. As a result, the uniform-price auction tends to have higher efficiency and cost-effectiveness when compliance behavior is taken into account.
- リンク情報
- ID情報
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- DOI : 10.1007/s10640-012-9551-9
- ISSN : 0924-6460
- eISSN : 1573-1502
- Web of Science ID : WOS:000303877000002