PT  - JOURNAL ARTICLE
AU  - Mark D. Agee
AU  - Thomas D. Crocker
TI  - Three-Stage Tradable Set-Aside Requirements, Interdependent Values, and Biodiversity Production on Private Lands
AID  - 10.3368/le.98.4.090919-0130R1
DP  - 2022 Nov 01
TA  - Land Economics
PG  - 690--699
VI  - 98
IP  - 4
4099  - http://le.uwpress.org/content/98/4/690.short
4100  - http://le.uwpress.org/content/98/4/690.full
SO  - Land Econ2022 Nov 01; 98
AB  - We propose a static three-stage incentive-compatible, budget-balanced, execution-contingent mechanism for a regulator to allocate biodiversity-protection responsibilities across a landscape mosaic with multiple value-interdependent owners. The mechanism motivates owners to truthfully report their opportunity costs of protection to the regulator and comply with their assigned habitat protection responsibilities.