A COLLECTIVE PERFORMANCE-BASED CONTRACT FOR POINT-NONPOINT SOURCE POLLUTION TRADING
Taylor, Michael A.; Randall, Alan; Sohngen, Brent
2003

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Abstract

Collective performance-based trading can be achieved by pairing a team contract with an auction to determine team membership. The auction effectively overcomes adverse selection, and the team contract reduces the incentive to "free-ride" associated with moral hazard in teams.

Details

Title A COLLECTIVE PERFORMANCE-BASED CONTRACT FOR POINT-NONPOINT SOURCE POLLUTION TRADING
Author(s) Taylor, Michael A.
Randall, Alan
Sohngen, Brent
Subject(s)
Issue Date 2003
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.22069
Record Identifier https://ageconsearch.umn.edu/record/22069
PURL Identifier http://purl.umn.edu/22069
Language English
Total Pages 25
Series Statement Selected Paper
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2003 Annual meeting, July 27-30, Montreal, Canada

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