The potential of auctioning contracts for conservation policy
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Abstract
This article studies the possibility of using auctions as a policy instrument in conservation programs. In particular, it provides insight into the main concerns that need to be dealt with when implementing conservation auctions. To show the cost saving potential of this policy instrument, we also calculate the social welfare improvement that can be obtained for an afforestation project in Flanders. When developing conservation policies, it is thus worthwhile to consider auctions as an alternative policy instrument.
Keywords
Auctions Conservation contracts AfforestationReferences
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