Three-Stage TSARs, Interdependent Values, and Biodiversity Production on Private Lands

Abstract This article revisits the origins of small towns in medieval Hungary from the perspective of their owners and seigneurs. The fourteenth-century development of small towns on the estates of private landowners resulted from the coincidence of several factors. Among these, the article considers the intersection of royal and private interests. The aristocrats’ concern to endow their estate centres with privileges or attract new settlers to their lands was dependent on royal approval; likewise, the right to hold annual fairs had to be granted by the kings, and one had to be a loyal retainer to be worthy of these grants. The royal model of supporting the mendicant orders, which were gaining ground in Hungary from the thirteenth century onwards, added a further dimension to the overlords’ development strategies. This shows that royal influence, directly or indirectly, had a major impact on the development of towns on private lands in the Angevin period (1301–87).

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Optimal and near-optimal mechanism design with interdependent values

Proceedings of the fourteenth ACM conference on Electronic commerce - EC '13 ◽

10.1145/2492002.2482606 ◽

2013 ◽

Cited By ~ 14

Author(s):

Tim Roughgarden ◽

Inbal Talgam-Cohen

Keyword(s):

Mechanism Design ◽

Optimal Mechanism ◽

Interdependent Values

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A Summary of Taxation Measures Affecting Forest Management on Private Lands in Ontario

The Forestry Chronicle ◽

10.5558/tfc58100-2 ◽

1982 ◽

Vol 58 (2) ◽

pp. 100-103

Author(s):

G. D. Puttock

Keyword(s):

Forest Management ◽

Income Tax ◽

Open Market ◽

Private Lands ◽

A Value ◽

Forest Income ◽

Bona Fide ◽

Tree Farming ◽

Property Assessment ◽

Forest Lands

The Canadian Income Tax Act and Regulations recognize five classes of forest property, three of which are considered to be bona fide farming operations.Whereas forest income is usually considered to be business income, the income from tree farming operations and corresponding forest management expenses receive a more favourable tax treatment. This has the effect of encouraging individuals to undertake forest management activities on their lands.The Province of Ontario, however, does not currently recognize tree farming as a bona fide farming operation for property assessment purposes. Forest lands are assessed at the highest value which could be obtained for them on the open market, whereas farm-lands are assessed at a value that could be obtained for them if they continue to be used for farming purposes; a value usually lower than the market value of non-farm-lands. This would indicate that if land previously classified as farm-land were afforested, such land would be taxed at a higher rate.

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Cooperative bargaining to manage invasive species in jurisdictions with public and private lands

Journal of Forest Economics ◽

10.1016/j.jfe.2018.04.001 ◽

2018 ◽

Vol 32 ◽

pp. 72-83

Author(s):

Shyamani D. Siriwardena ◽

Kelly M. Cobourn ◽

Gregory S. Amacher ◽

Robert G. Haight

Keyword(s):

Invasive Species ◽

Private Lands ◽

Public And Private ◽

Cooperative Bargaining

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An Efficient Ascending-Bid Auction for Multiple Objects

The American Economic Review ◽

10.1257/0002828043052330 ◽

2004 ◽

Vol 94 (5) ◽

pp. 1452-1475 ◽

Cited By ~ 327

Author(s):

Lawrence M Ausubel

Keyword(s):

Privacy Preservation ◽

Winner's Curse ◽

Multiple Objects ◽

Vickrey Auction ◽

Treasury Bills ◽

Winner’S Curse ◽

Sealed Bid ◽

Interdependent Values ◽

Private Values ◽

Current Price

When bidders exhibit multi-unit demands, standard auction methods generally yield inefficient outcomes. This article proposes a new ascending-bid auction for homogeneous goods, such as Treasury bills or telecommunications spectrum. The auctioneer announces a price and bidders respond with quantities. Items are awarded at the current price whenever they are “clinched,” and the price is incremented until the market clears. With private values, this (dynamic) auction yields the same outcome as the (sealed-bid) Vickrey auction, but has advantages of simplicity and privacy preservation. With interdependent values, this auction may retain efficiency, whereas the Vickrey auction suffers from a generalized Winner's Curse.

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