Private ex-ante transaction costs for repeated biodiversity conservation auctions: a case study

Markus Groth ()
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Markus Groth: Centre for Sustainability Management, Leuphana University of Lüneburg

No 84, Working Paper Series in Economics from University of Lüneburg, Institute of Economics

Abstract: The European Union’s Council Regulation (EC) No 1698/2005 on support for rural development by the European Agricultural Fund for Rural Development has introduced promising changes in rewarding farmers by the implementation of conservation auctions and granting farmers’ transaction costs. The paper therefore deals with the evaluation of private transaction costs within a case study using repeated auctions to reward plant biodiversity. Based on a review of the current literature the paper develops a specific definition of transaction costs as well as a methodology to measure and calculate the farmers’ private transaction costs. The case study enfolds two field experiment auctions and two corresponding surveys. The transaction costs are measured by the use of written questionnaires and will be discussed both as a first reference value of farmers’ transaction costs as well as compared to the individual payments within the case study auctions in order to investigate the real-life performance of this specific application of repeated conservation auctions in biodiversity protection efforts.

Keywords: agri-environmental policy; biodiversity conservation auctions; transaction costs; ecological services; plant biodiversity; experimental economics; EAFRD-Regulation (search for similar items in EconPapers)
JEL-codes: C93 D44 D82 H41 L14 Q24 Q28 Q57 R52 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2008-05-05
New Economics Papers: this item is included in nep-agr, nep-env and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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