Wang, Xuehong; Bennett, Jeffrey; Xu, Jintao; Zhang, Haipeng
This paper presents the application of an auction scheme for the allocation of funds for environmentally improving land use change (LUC) amongst farm households in Sichuan Province, China. Competing bids were ranked using their benefit to cost ratios. Results show that the auction approach can be both practically feasible and efficient in the Chinese context. The auction approach was 15% more cost-effective than the status quo fixed payment afforestation programme. The auction approach was also...[Show more]
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