Three-Stage Tradable Set-Aside Requirements, Interdependent Values, and Biodiversity Production on Private Lands

Mark D. Agee and Thomas D. Crocker

Land Economics, 2022, vol. 98, issue 4, 690-699

Abstract: We propose a static three-stage incentive-compatible, budget-balanced, execution-contingent mechanism for a regulator to allocate biodiversity-protection responsibilities across a landscape mosaic with multiple value-interdependent owners. The mechanism motivates owners to truthfully report their opportunity costs of protection to the regulator and comply with their assigned habitat protection responsibilities.

JEL-codes: D71 Q57 (search for similar items in EconPapers)
Date: 2022
Note: DOI: 10.3368/le.98.4.090919-0130R1
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:98:y:2022:i:4:p:690-699

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