refers to the concept of information asymmetry between principal (e.g. state) and agent (e.g. farmer) which can lower environmental effectivenessis the ability to achieve a desired or pre-defined environmental outcome. More of schemes (see also adverse selectionrefers to the concept of information asymmetry between principal (e.g. state) and agent (e.g. farmer) which can lower environmental effectiveness of schemes (see also moral hazard).
This could be the case when land managers f... More). This could be the case when land managers have no intention of delivering their side of the contracta formal, written agreement for a specified duration signed by (at least) two parties. In Contracts2.0, we acknowledge the existence of informal contracts but use formal contracts to focus the research. More. Peer-pressure can be a solution (Franks, 2011).
Synonym: Opportunistic behaviour or hidden action
References
Franks, J. (2011) The collective provision of environmental goodsare the objects from ecosystems that people value through experience, use or consumption, whether that value is expressed in economic, social or personal terms. Note that the use of this term here goes well beyond a narrow definit... More: a discussion of contractual issues, Journal of Environmental Planning and Management, 54:5, 637-660, DOI: 10.1080/09640568.2010.526380
