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| Smith, Elizabeth C.; Swallow, Stephen K.. |
| Research on public good auctions is intended to initiate development on new approaches to finance public goods, beyond government and philanthropic efforts. The researchers evaluate the potential to identify economic value for a subset of ecosystem services and markets that have the potential to provide for them. Empirical analysis focuses on public valuation for three specific types of ecosystem activities (bird habitat, sea grass restoration and shellfish restoration) in coastal Virginia. Data was collected using a field experiment employing an experimental auction approach with mechanisms to reduce free riding often seen in the experimental economics literature. These incentive mechanisms are applied to individual restoration activities and willingness... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Experimental economics; Valuation; Public goods; Ecosystem services; Environmental Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/61654 |
