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An empirical examination of repeated auctions for biodiversity conservation contracts

Author

Listed:
  • Markus Groth

    (Centre for Sustainability Management, Leuphana University of Lüneburg)

Abstract

The European Union’s Council Regulation on support for rural development by the European Agricultural Fund for Rural Development has introduced auctioning as a new instrument for granting agri-environmental payments and awarding conservation contracts for the recent multi-annual budgetary plan. This paper therefore deals with the conception and results of two case study auctions for conservation contracts. Results of two field experiments show much differentiated bid prices in the model-region and budgetary cost-effectiveness gains of up to 21% in the first auction and up to 36% in the repeated auction. Besides these promising results, some critical aspects as well as lessons to be learned will also be discussed in this paper to improve the design and performance of upcoming conservation auctions.

Suggested Citation

  • Markus Groth, 2008. "An empirical examination of repeated auctions for biodiversity conservation contracts," Working Paper Series in Economics 78, University of Lüneburg, Institute of Economics.
    • Handle: RePEc:lue:wpaper:78
    as

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    References listed on IDEAS

    as
    1. Baumgärtner, Stefan & Quaas, Martin, 2005. "The private and public insurance value of conservative biodiversity management," UFZ Discussion Papers 27/2005, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    2. Joachim Wagner & Lena Koller & Claus Schnabel, 2008. "Sind mittelständische Betriebe der Jobmotor der deutschen Wirtschaft?," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 88(2), pages 130-135, February.
    3. John T. Addison & Claus Schnabel & Joachim Wagner, 2006. "The (Parlous) State of German Unions," Working Paper Series in Economics 23, University of Lüneburg, Institute of Economics.
    4. Lena Koller & Claus Schnabel & Joachim Wagner, 2007. "Schwellenwerte im Arbeitsrecht: Höhere Transparenz und Effizienz durch Vereinheitlichung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(3), pages 242-255, August.
    5. Wagner, Joachim, 2006. "International Firm Activities and Innovation: Evidence from Knowledge Production Functions for German Firms," HWWA Discussion Papers 344, Hamburg Institute of International Economics (HWWA).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    agri-environmental policy; discriminatory-price auction; multi-unit auction; ecological services; plant biodiversity; experimental economics;
    All these keywords.

    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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