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.
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Work Title | Three-Stage TSARs, Interdependent Values, and Biodiversity Production on Private Lands |
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License | In Copyright (Rights Reserved) |
Work Type | Article |
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Publication Date | December 27, 2021 |
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Deposited | September 23, 2022 |
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