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

Mark D. Agee; Thomas D. Crocker

doi:10.3368/le.98.4.090919-0130R1

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

Mark D. Agee, Thomas D. Crocker

Division of Business, Engineering, and Information Sciences & Technology (Altoona)

Research output: Contribution to journal › Article › peer-review

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.

Original language	English (US)
Pages (from-to)	690-699
Number of pages	10
Journal	Land Economics
Volume	98
Issue number	4
DOIs	https://doi.org/10.3368/le.98.4.090919-0130R1
State	Published - 2022

All Science Journal Classification (ASJC) codes

Environmental Science (miscellaneous)
Economics and Econometrics

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10.3368/le.98.4.090919-0130R1

Cite this

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

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.",

author = "Agee, \{Mark D.\} and Crocker, \{Thomas D.\}",

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AU - Crocker, Thomas D.

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AB - 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.

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M3 - Article

AN - SCOPUS:85137302991

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JO - Land Economics

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ER -

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

Abstract

All Science Journal Classification (ASJC) codes

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