A COLLECTIVE PERFORMANCE-BASED CONTRACT FOR POINT-NONPOINT SOURCE POLLUTION TRADING

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.


Issue Date:
2003
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/22069
Total Pages:
25
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-04-26

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