TY - JOUR
T1 - Effective siting of waste treatment facilities
AU - Minehart, Deborah
AU - Neeman, Zvika
N1 - Funding Information:
1We thank Guillermo Caruana, Itzhak Gilboa, Massimo Marinacci, Muriel Niederle, Dilip Mookherjee, Michael Riordan, Bob Rosenthal, and Andy Weiss for useful conversations. Neeman is grateful for the generous financial support of the NSF under Grant SBR-9806832. 2E-mail: [email protected]; http://econ.bu.edu/minehart/. 3Address correspondence to: Zvika Neeman, The Center For Rationality and Interactive Decision Theory, The Hebrew University of Jerusalem, Feldman Building—Givat Ram, Jerusalem, Israel 91904. E-mail: [email protected]; http://econ.bu.edu/neeman/.
PY - 2002/3
Y1 - 2002/3
N2 - A waste treatment plant or another essential but potentially unpleasant facility has to be built in one of n communities. We present a simple auction-like procedure that identifies the best location and determines a system of transfers that provide the host community with adequate compensation. The siting procedure is simple and effective and can be readily applied in real world situations. In addition, it is ex post budget balanced, ex post individually rational, and robust, and it induces bidding the true disutility (or close to it) as a focal strategy in many different environments.
AB - A waste treatment plant or another essential but potentially unpleasant facility has to be built in one of n communities. We present a simple auction-like procedure that identifies the best location and determines a system of transfers that provide the host community with adequate compensation. The siting procedure is simple and effective and can be readily applied in real world situations. In addition, it is ex post budget balanced, ex post individually rational, and robust, and it induces bidding the true disutility (or close to it) as a focal strategy in many different environments.
KW - Auctions
KW - Hazardous waste
KW - LULU
KW - Mechanism design
KW - NIMBY
KW - Waste treatment
UR - http://www.scopus.com/inward/record.url?scp=0036513862&partnerID=8YFLogxK
U2 - 10.1006/jeem.2000.1180
DO - 10.1006/jeem.2000.1180
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AN - SCOPUS:0036513862
SN - 0095-0696
VL - 43
SP - 303
EP - 324
JO - Journal of Environmental Economics and Management
JF - Journal of Environmental Economics and Management
IS - 2
ER -
