This research uses economic experiments to examine the effectiveness of reverse auction institutions in an endogenous dynamic entry setting. Induced values are used to compare behavior in dynamic and static auction structures. Past research on this topic has understudied dynamic elements such as...

This paper examines how auctions for ecosystem services introduce adverse selection, limiting cost-effectiveness. Induced-value experiments test theory and examine the extent of adverse selection in these markets. In comparison to the baseline of either doing nothing or the optimality of an...

This paper analyzes the judicial resolution of land-use con icts and then derives a technique to promote mediation of these and other property rights disputes. A simple theory is developed comparing Coasean bargaining over unallocated property rights to nonmarket resolution. The analysis leads...

In stated preference valuation of farmland preservation, respondents are often told that preservation will occur within various jurisdictional scales—that is, community or state—but are not told the specific location of parcels. The resultant availability of welfare estimates for different...

A conceptual framework distinguishes farmland retention institutions and with a survey of various literatures, interviews, and original policy design, classifies 28 techniques in four types: regulatory, incentive-based, governmental-participatory, and hybrid. The analysis reveals that techniques...