{"title":"Three-Stage TSARs, Interdependent Values, and Biodiversity Production on Private Lands","authors":"Mark D. Agee, T. Crocker","doi":"10.2139/ssrn.3883474","DOIUrl":null,"url":null,"abstract":"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.","PeriodicalId":7501,"journal":{"name":"Agricultural & Natural Resource Economics eJournal","volume":"10 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2021-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Agricultural & Natural Resource Economics eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3883474","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
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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