Agri-environmental schemes: Adverse selection, information structure and delegation

详细信息    查看全文

• 作者：Joan Canton ; Sté ; phane De Cara ; Pierre-Alain Jayet
• 关键词：Agri-environmental policies ; Contracts ; Adverse selection ; Information structure ; Delegation
• 刊名：Ecological Economics
• 出版年：2009
• 出版时间：15 May 2009
• 年：2009
• 卷：68
• 期：7
• 页码：2114-2121
• 全文大小：417 K

文摘

This work analyzes alternative designs of agri-environmental schemes and how different incentive mechanisms impact on their overall efficiency. It focuses on spatial targeting and delegation in an asymmetric information context. First, the optimal contract under adverse selection is modeled. This model underlines the trade-off between information rents and allocative efficiency. The impact of spatial targeting is then addressed. Disaggregated information structures increase the optimal efforts asked of the farmers. It may also involve higher information rents and may reduce the net contributions of some farmers. Finally, the consequences of delegating authority within the principal–agent relationship are investigated. The results illustrate that spatial targeting and delegation, when combined, have asymmetric impacts on farmers' payoffs.