|
|
|
|
|
| Connor, Jeffery D.; Ward, John R.; Bryan, Brett. |
| Until recently public efforts to encourage conservation on private land in many countries has primarily been through uniform payment policies. Auctions are increasingly used as a payment mechanism to acquire public benefits such as conservation actions that provide environmental improvements on private land (e.g. the US Conservation Reserve Program (CRP). The economic rationale for use of auctions is that they create decentralised incentives to offer bids at close to the true landholder opportunity costs, even when the implementing agency holds little information about these opportunity costs. This paper assesses the cost of a case study auction relative to four payment policies that use varying levels of information strategically to reduce rent payment... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2007 |
URL: http://purl.umn.edu/9360 |
| |
|
|
| Connor, Jeffery D.; Ward, John R.; Bryan, Brett. |
| This article evaluates the cost-effectiveness of the Catchment Care Australian conservation auction. It provides evidence of auction cost effectiveness, and estimates cost savings from two discrete components: (i) the opportunity cost revelation incentive provided by the auction mechanism, and (ii) the improved environmental targeting capacity that results from development of a scientifically based environmental benefits assessment capacity. Results show that there are potentially very large returns associated with the latter component that have been overlooked in the literature. Additionally, transaction costs involved with administering the case study conservation auction and the prior non-auction payment policy are compared. We find that the... |
| Tipo: Article |
Palavras-chave: Auctions; Biodiversity; Cost effectiveness; Environmental economics; Environmental policy; Land Economics/Use. |
| Ano: 2008 |
URL: http://purl.umn.edu/118545 |
| |
|
|
|
