Private ex-ante transaction costs for repeated biodiversity conservation auctions: a case study
The European Union’s Council Regulation (EC) No 1698/2005 on support for rural development by the European Agricultural Fund for Rural Development has introduced promising changes in rewarding farmers by the implementation of conservation auctions and granting farmers’ transaction costs. The paper therefore deals with the evaluation of private transaction costs within a case study using repeated auctions to reward plant biodiversity. Based on a review of the current literature the paper develops a specific definition of transaction costs as well as a methodology to measure and calculate the farmers’ private transaction costs. The case study enfolds two field experiment auctions and two corresponding surveys. The transaction costs are measured by the use of written questionnaires and will be discussed both as a first reference value of farmers’ transaction costs as well as compared to the individual payments within the case study auctions in order to investigate the real-life performance of this specific application of repeated conservation auctions in biodiversity protection efforts.
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- Wagner, Joachim & Koller, Lena & Schnabel, Claus, 2007.
"Sind mittelständische Betriebe der Jobmotor der deutschen Wirtschaft?,"
54, Friedrich-Alexander-University Erlangen-Nuremberg, Chair of Labour and Regional Economics.
- Joachim Wagner & Lena Koller & Claus Schnabel, 2008. "Sind mittelständische Betriebe der Jobmotor der deutschen Wirtschaft?," Wirtschaftsdienst, Springer, vol. 88(2), pages 130-135, February.
- Joachim Wagner & Lena Koller & Claus Schnabel, 2007. "Sind mittelständische Betriebe der Jobmotor der deutschen Wirtschaft?," Working Paper Series in Economics 71, University of Lüneburg, Institute of Economics.
- Baumgärtner, Stefan & Quaas, Martin, 2005.
"The private and public insurance value of conservative biodiversity management,"
UFZ Discussion Papers
27/2005, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
- Martin F. Quaas & Stefan Baumgärtner, 2006. "The Private and Public Insurance Value of Conservative Biodiversity Management," Working Paper Series in Economics 33, University of Lüneburg, Institute of Economics.
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