Conservation auctions: an online double constraint reverse auction experiment - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement
Preprints, Working Papers, ... Year : 2023

Conservation auctions: an online double constraint reverse auction experiment

Abstract

Conservation auctions are reverse auctions designed to allocate payments for environmental services. We perform an online experiment to study a reverse auction that combines both a budget and a target constraint, i.e., a double constraint auction. We compare the performance of this auction format to target and budget constraint formats according to three different criteria: the number of units purchased, the budget spent and the unit cost. Our results show that the performance of the double constraint auction, compared with announcing only a target constraint or a budget constraint, depends on the buyer's objective(s). Indeed, our main conclusion is that no ranking satisfies our three criteria simultaneously.
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Dates and versions

hal-04189991 , version 1 (29-08-2023)
hal-04189991 , version 2 (20-12-2023)
hal-04189991 , version 3 (16-02-2024)

Identifiers

  • HAL Id : hal-04189991 , version 1

Cite

Adrien Coiffard, Raphaële Préget, Mabel Tidball. Conservation auctions: an online double constraint reverse auction experiment. 2023. ⟨hal-04189991v1⟩
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