Three-Stage TSARs, Interdependent Values, and Biodiversity Production on Private Lands
We propose a static three-stage incentive-compatible, budget-balanced, execution-contingent scheme for a regulator to allocate biodiversity protection responsibilities across a landscape mosaic having multiple value-interdependent owners. The scheme motivates owners to truthfully report their opportunity costs of protection to the regulator and to comply with their assigned habitat protection responsibilities.
|Work Title||Three-Stage TSARs, Interdependent Values, and Biodiversity Production on Private Lands|
|License||In Copyright (Rights Reserved)|
|Publication Date||December 27, 2021|
|Publisher Identifier (DOI)||
|Deposited||September 23, 2022|
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