... would have had to be 33% to 36% greater to secure the same number of hectares (Latacz-Lohmann and Schilizzi, 2005). Tenders auction efficiency forest conservation ecosystem service markets earning distribution of participation Q23 D3 D44 Over the past three decades, payment...

... auctions traditionally provide public information such as the budget and the accepted bids in past rounds. The experimental results from 180 participants suggest that providing varying levels of public information affects both seller behavior and auction efficiency, as measured by the limitation of rents...