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Verein für Socialpolitik >
Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/37366
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Winkler, Ralph | | en_US |
| dc.contributor.author | | Quaas, Martin | | en_US |
| dc.date.accessioned | | 2010-08-11T09:11:39Z | | - |
| dc.date.available | | 2010-08-11T09:11:39Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/37366 | | - |
| dc.description.abstract | | Efficiency and sustainability often clash if limited-tenure use rights for renewable natural resources are rented to private resource managers. We introduce a mechanism reconciling these two issues for a stochastically developing natural resource. The mechanism selects the most patient and, thus, most sustainably harvesting resource manager in a second-price sealed-bid auction with minimum bids and it overcomes the incentive to mine the resource at the end of tenure by announcing a refund if a sustainability goal is obeyed. In addition, the mechanism ensures efficiency and is self-financing in expectation. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Verein für Socialpolitik Frankfurt a. M. | | en_US |
| dc.relation.ispartofseries | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Optimal Resource Extraction A15-V2 | | en_US |
| dc.subject.jel | | Q20 | | en_US |
| dc.subject.jel | | D44 | | en_US |
| dc.subject.jel | | D82 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | auctioning-refunding-mechanism | | en_US |
| dc.subject.keyword | | efficiency | | en_US |
| dc.subject.keyword | | renewable resource | | en_US |
| dc.subject.keyword | | stochastic model | | en_US |
| dc.subject.keyword | | sustainability | | en_US |
| dc.title | | Markets for Sustainable Resource Use: Auctioned Limited-Tenure Use Rights with Refunding | | en_US |
| dc.type | | Conference Paper | | en_US |
| dc.identifier.ppn | | 654681570 | | - |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
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