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Oekologische Leistungshonorierung anhand eines Oekopunkte-Systems mit Bieterverfahren



The necessity, the points of departure, and the methodology for the remuneration of ecological goods and services are subjects in the current environmental policy. In particular, recent discussion has focused on ecological incentives as an addition to conventional instruments of nature protection. Among such incentives, eco-credits (in German: "Oekopunkte") have been gaining increasing attention. In some cases they already have reached the test stage. Due to restricted governmental funds, however, it remains questionable whether eco-credits will effectively improve the economic efficiency and ecological effectiveness of proposed incentives. In this paper, it will be argued that a bid auction, similar to a variable-rate tender procedure, would improve the efficiency and effectiveness of eco-credits. Considering eco-credits in terms of efficiency indicators, it is proposed that eco-credits be acquired according to a voluntary payment, rather than being offered at a fixed price. It is expected that buyers base their voluntary payments on their production-costs which would therefore lead to an improvement of efficiency. This paper analyzes the mechanisms of such a design and applies the concept rudimentarily to the farming industry.

Suggested Citation

  • Ekkehard von Knorring, 2002. "Oekologische Leistungshonorierung anhand eines Oekopunkte-Systems mit Bieterverfahren," Discussion Paper Series 223, Universitaet Augsburg, Institute for Economics.
  • Handle: RePEc:aug:augsbe:0223

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    1. Zarruk, Emilio R. & Madura, Jeff, 1992. "Optimal Bank Interest Margin under Capital Regulation and Deposit Insurance," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 27(01), pages 143-149, March.
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    5. Douglas W. Diamond & Raghuram G. Rajan, 2001. "Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking," Journal of Political Economy, University of Chicago Press, vol. 109(2), pages 287-327, April.
    6. Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
    7. Donald R. Lessard, 1995. "Financial Risk Management For Developing Countries: A Policy Overview," Journal of Applied Corporate Finance, Morgan Stanley, vol. 8(3), pages 4-18.
    8. João A. C. Santos, 2000. "Bank capital regulation in contemporary banking theory: a review of the literature," BIS Working Papers 90, Bank for International Settlements.
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    More about this item


    Oekopunkte; Leistungshonorierung; Bieterverfahren; Effizienz; Effektivitaet;

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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