Can a simple model predict complex bidding behaviour? Repeated multi-unit conservation auctions.
| dc.creator | Schilizzi, Steven | |
| dc.creator | Latacz-Lohmann, Uwe | |
| dc.date | 2017-04-01T19:34:44Z | |
| dc.date.accessioned | 2026-07-09T06:38:03Z | |
| dc.description | Buying environmental services from private landholders using auction mechanisms often involves repeated multi-unit procurement-type auctions. These can either be target-constrained or budget-constrained. Most of the theoretical literature has focused on the former, whereas government agencies have, for conservation purposes, mainly implemented the latter. This paper examines the predictive power of a simple model previously developed for budget-constrained auctions, in comparison to that of the more standard and more complex target-constrained auction model. Experiments carried out in Germany and Australia lend credibility to the nonstandard and simpler budget-constrained model. | |
| dc.identifier | doi:10.22004/ag.econ.137947 | |
| dc.identifier | https://ageconsearch.umn.edu/record/137947/files/2005_schilizzi.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/137947 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/578983 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/137947 | |
| dc.title | Can a simple model predict complex bidding behaviour? Repeated multi-unit conservation auctions. | |
| dc.type | Text |