Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/28202
Authors: 
Groth, Markus
Year of Publication: 
2008
Series/Report no.: 
University of Lüneburg Working Paper Series in Economics 84
Abstract: 
The European Union's Council Regulation (EC) No 1698/2005 on support for rural development by the European Agricultural Fund for Rural Development has introduced promising changes in rewarding farmers by the implementation of conservation auctions and granting farmers' transaction costs. The paper therefore deals with the evaluation of private transaction costs within a case study using repeated auctions to reward plant biodiversity. Based on a review of the current literature the paper develops a specific definition of transaction costs as well as a methodology to measure and calculate the farmers' private transaction costs.
Subjects: 
Agri-environmental policy
biodiversity conservation auctions
transaction costs
ecological services
plant biodiversity
experimental economics
EAFRD-regulation
JEL: 
C93
D44
D82
H41
L14
Q24
Q28
Q57
R52
Document Type: 
Working Paper

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