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https://hdl.handle.net/10419/37366
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Winkler, Ralph | en |
dc.contributor.author | Quaas, Martin | en |
dc.date.accessioned | 2010-08-11T09:11:39Z | - |
dc.date.available | 2010-08-11T09:11:39Z | - |
dc.date.issued | 2010 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aVerein für Socialpolitik |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Optimal Resource Extraction |xA15-V2 | en |
dc.subject.jel | Q20 | en |
dc.subject.jel | D44 | en |
dc.subject.jel | D82 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | auctioning-refunding-mechanism | en |
dc.subject.keyword | efficiency | en |
dc.subject.keyword | renewable resource | en |
dc.subject.keyword | stochastic model | en |
dc.subject.keyword | sustainability | en |
dc.title | Markets for Sustainable Resource Use: Auctioned Limited-Tenure Use Rights with Refunding | - |
dc.type | Conference Paper | en |
dc.identifier.ppn | 654681570 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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