{"title":"供应点反向拍卖:一个新的拍卖机制与保护合同的申请","authors":"S. Otto, Gregory L. Poe, D. Just","doi":"10.22004/AG.ECON.302499","DOIUrl":null,"url":null,"abstract":"Rent-seeking behavior by participants in payment for environmental services auctions reduces the number of affordable contracts and decreases environmental protection. We propose a new auction mechanism, the provision point reverse auction (PPRA), to mitigate this rent-seeking behavior. The PPRA includes a public component where the probability of contract acceptance for one individual is affected by the sum of the other accepted offers. We provide theoretical support for the new mechanism and follow with laboratory experiments. The experiments yield average offers between 12.57% to 58.17% smaller in a PPRA compared to alternate reverse discriminative auctions, with the exact difference dependent on the compared mechanism and auction parameters. Implementing a PPRA to procure environmental or conservation goods may therefore increase the total quantity of these services acquired.","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":"46 1","pages":"134-151"},"PeriodicalIF":1.2000,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Provision Point Reverse Auction: A New Auction Mechanism with Applications for Conservation Contracts\",\"authors\":\"S. Otto, Gregory L. Poe, D. Just\",\"doi\":\"10.22004/AG.ECON.302499\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Rent-seeking behavior by participants in payment for environmental services auctions reduces the number of affordable contracts and decreases environmental protection. We propose a new auction mechanism, the provision point reverse auction (PPRA), to mitigate this rent-seeking behavior. The PPRA includes a public component where the probability of contract acceptance for one individual is affected by the sum of the other accepted offers. We provide theoretical support for the new mechanism and follow with laboratory experiments. The experiments yield average offers between 12.57% to 58.17% smaller in a PPRA compared to alternate reverse discriminative auctions, with the exact difference dependent on the compared mechanism and auction parameters. Implementing a PPRA to procure environmental or conservation goods may therefore increase the total quantity of these services acquired.\",\"PeriodicalId\":54890,\"journal\":{\"name\":\"Journal of Agricultural and Resource Economics\",\"volume\":\"46 1\",\"pages\":\"134-151\"},\"PeriodicalIF\":1.2000,\"publicationDate\":\"2021-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Agricultural and Resource Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.22004/AG.ECON.302499\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"AGRICULTURAL ECONOMICS & POLICY\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Agricultural and Resource Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.22004/AG.ECON.302499","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"AGRICULTURAL ECONOMICS & POLICY","Score":null,"Total":0}
Provision Point Reverse Auction: A New Auction Mechanism with Applications for Conservation Contracts
Rent-seeking behavior by participants in payment for environmental services auctions reduces the number of affordable contracts and decreases environmental protection. We propose a new auction mechanism, the provision point reverse auction (PPRA), to mitigate this rent-seeking behavior. The PPRA includes a public component where the probability of contract acceptance for one individual is affected by the sum of the other accepted offers. We provide theoretical support for the new mechanism and follow with laboratory experiments. The experiments yield average offers between 12.57% to 58.17% smaller in a PPRA compared to alternate reverse discriminative auctions, with the exact difference dependent on the compared mechanism and auction parameters. Implementing a PPRA to procure environmental or conservation goods may therefore increase the total quantity of these services acquired.
期刊介绍:
The mission of the Journal of Agricultural and Resource Economics is to publish creative and scholarly economic studies in agriculture, natural resources, and related areas. Manuscripts dealing with the economics of food and agriculture, natural resources and the environment, human resources, and rural development issues are especially encouraged. The Journal provides a forum for topics of interest to those performing economic research as well as to those involved with economic policy and education. Submission of comments on articles previously published in the Journal is welcomed.