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Auctioning Conservation Contracts and Evaluating the Risk Attitudes of Farmers: Economic Experiments in Japan AgEcon
Sasaki, Hiroki; Fujie, Takeshi; Kawasaki, Kentaro; Inoue, Norikazu; Koito, Kentaro.
Agri-environmental programs in Japan have generally been promoted through the provision of fixed payments for certain environment-friendly farming and management practices. However, the auctioning of agrienvironmental contracts is a noteworthy alternative for the furtherance of such programs. Conservation auctions are used to enhance the cost-effectiveness of public expenses and have been employed in practice as well as tested in various pilot projects in some countries. This study uses an experimental economics method to factor the risk attitude of participants into a comparison of uniform price (UP) auctions and discriminatory price (DP) auctions. Although some studies have compared fixed payments, UP auctions, and DP auctions, the superiority or...
Tipo: Conference Paper or Presentation Palavras-chave: Conservation auction; Experimental economics; Risk attitude; Environment-friendly farming; Agribusiness; Agricultural and Food Policy; Consumer/Household Economics; Environmental Economics and Policy; Farm Management.
Ano: 2010 URL: http://purl.umn.edu/109400
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