An empirical examination of repeated auctions for biodiversity conservation contracts

Research output: Working paperWorking papers

Standard

An empirical examination of repeated auctions for biodiversity conservation contracts. / Groth, Markus.
Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2008. (Working paper series in economics; No. 78).

Research output: Working paperWorking papers

Harvard

Groth, M 2008 'An empirical examination of repeated auctions for biodiversity conservation contracts' Working paper series in economics, no. 78, Institut für Volkswirtschaftslehre der Universität Lüneburg, Lüneburg.

APA

Groth, M. (2008). An empirical examination of repeated auctions for biodiversity conservation contracts. (Working paper series in economics; No. 78). Institut für Volkswirtschaftslehre der Universität Lüneburg.

Vancouver

Groth M. An empirical examination of repeated auctions for biodiversity conservation contracts. Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg. 2008. (Working paper series in economics; 78).

Bibtex

@techreport{e32fbd7674da4462b541320b8004ae2b,
title = "An empirical examination of repeated auctions for biodiversity conservation contracts",
abstract = "The European Union{\textquoteright}s Council Regulation on support for rural development by the European Agricultural Fund for Rural Development has introduced auctioning as a new instrument for granting agri-environmental payments and awarding conservation contracts for the recent multi-annual budgetary plan. This paper therefore deals with the conception and results of two case study auctions for conservation contracts. Results of two field experiments show much differentiated bid prices in the model-region and budgetary cost-effectiveness gains of up to 21% in the first auction and up to 36% in the repeated auction. Besides these promising results, some critical aspects as well as lessons to be learned will also be discussed in this paper to improve the design and performance of upcoming conservation auctions.",
keywords = "Economics, agri-environmental policy, discriminatory-price auction, multi-unit auction, ecological services, plant biodiversity, experimental economics",
author = "Markus Groth",
note = "Literaturverz. S. 17 - 19",
year = "2008",
language = "English",
series = "Working paper series in economics",
publisher = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",
number = "78",
type = "WorkingPaper",
institution = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",

}

RIS

TY - UNPB

T1 - An empirical examination of repeated auctions for biodiversity conservation contracts

AU - Groth, Markus

N1 - Literaturverz. S. 17 - 19

PY - 2008

Y1 - 2008

N2 - The European Union’s Council Regulation on support for rural development by the European Agricultural Fund for Rural Development has introduced auctioning as a new instrument for granting agri-environmental payments and awarding conservation contracts for the recent multi-annual budgetary plan. This paper therefore deals with the conception and results of two case study auctions for conservation contracts. Results of two field experiments show much differentiated bid prices in the model-region and budgetary cost-effectiveness gains of up to 21% in the first auction and up to 36% in the repeated auction. Besides these promising results, some critical aspects as well as lessons to be learned will also be discussed in this paper to improve the design and performance of upcoming conservation auctions.

AB - The European Union’s Council Regulation on support for rural development by the European Agricultural Fund for Rural Development has introduced auctioning as a new instrument for granting agri-environmental payments and awarding conservation contracts for the recent multi-annual budgetary plan. This paper therefore deals with the conception and results of two case study auctions for conservation contracts. Results of two field experiments show much differentiated bid prices in the model-region and budgetary cost-effectiveness gains of up to 21% in the first auction and up to 36% in the repeated auction. Besides these promising results, some critical aspects as well as lessons to be learned will also be discussed in this paper to improve the design and performance of upcoming conservation auctions.

KW - Economics

KW - agri-environmental policy

KW - discriminatory-price auction

KW - multi-unit auction

KW - ecological services

KW - plant biodiversity

KW - experimental economics

M3 - Working papers

T3 - Working paper series in economics

BT - An empirical examination of repeated auctions for biodiversity conservation contracts

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -

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