The siting problem of NIMBY facilities: cost -- benefit analysis and auction mechanisms
In this paper the authors discuss the characteristics of NIMBY ('not in my backyard') facilities as they relate to the impacts on the local neighbourhood. They evaluate the available conflict-resolution instruments used for the siting of NIMBY facilities, and in particular aim to suggest two alternative auction mechanisms for localities affected by these facilities. Some considerations for general compensation schemes are also presented. Here, efficiency and some cost -- benefit rules for compensation are suggested. Finally, some equity concerns are discussed.
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