Addressing the Collective Action Problem in Multiple-purchaser PES: An Experimental Investigation of Negotiated Payment Contributions
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DOI: 10.1016/j.ecolecon.2017.07.020
Abstract: Involving multiple-purchasers in a PES scheme has the potential to deliver numerous benefits including cost-sharing, expanded financing and broadened scope. That few such schemes exist is evidence of a classic market failure resulting from incentives… read more here.
Keywords: action problem; experimental investigation; payment; purchaser pes ... See more keywords