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Registros recuperados: 32 | |
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Concu, Giovanni B.; Schilizzi, Steven. |
A Choice Modelling (CM) experiment is developed with the purpose of gaining some insight on how to identify the relevant population for the valuation of an environmental asset. The experiment is based on a survey of Perth residents over the values they attach to Kings Park, the largest urban park in Western Australia, 4/5 of which is native bushland. We design the experiment in order to isolate NUVs form UVs so that trade-offs between attributes of the asset imply tradeoffs between Use Values, Non-Use Values and money. One can then estimate the coefficients for each attribute and analyse the effect of distance on patterns of use. Preliminary results are obtained using data from a pre-survey trial of the questionnaire. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
Ano: 2003 |
URL: http://purl.umn.edu/57849 |
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Flugge, Felicity; Schilizzi, Steven. |
Policies introduced to address one environmental objective can often have the side-benefit of also addressing other environmental objectives. This analysis uses a whole farm bioeconomic model to explore the farm level implications, economic and environmental, of a policy initially designed to reduce greenhouse emissions. We model a regulatory policy which imposes an upper limit on farm greenhouse emissions but allows trees to be used as carbon sinks to offset emissions. The implementation of this policy causes a reduction in whole farm profit, but in addition to decreasing emissions it also decreases groundwater recharge from the farming system and therefore contributes to the prevention of dryland salinity. The analysis compares this approach with using a... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
Ano: 2003 |
URL: http://purl.umn.edu/24392 |
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Hailu, Atakelty; Schilizzi, Steven; Thoyer, Sophie. |
There is a growing interest in using auctions for purchasing public goods from private agents. Auctions are being trialed in Australia and elsewhere to allocate conservation contracts. The expectation is that competitive bidding will reduce information rents and increase cost-effectiveness. This paper examines how auctions would perform under different assumptions regarding the rationality of bidders. A theoretical model requires bidders to be rational and use Nash equilibrium strategies, while an agent-based model assumes boundedly rational bidders learning from experience. The study illustrates the synergies between economic theory and agent-based modelling. Our findings provide a cautionary message regarding the performance of conservation auctions. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
Ano: 2005 |
URL: http://purl.umn.edu/19478 |
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Schilizzi, Steven; Latacz-Lohmann, Uwe. |
Building on available theory, this work uses controlled laboratory experiments to investigate the budgetary and the economic performance of competitive tenders for allocating conservation contracts to landholders. Experiments have been replicated in two different countries to check for robustness of results. We find that auctions outperform the more traditional fixed-price programs only in the one-shot setting. With repetition, the auctions quickly lose their edge. The budget-constrained auction performs similarly to the target-constrained in the one-shot setting but appears more robust to repetition. Our results suggest that previous estimates of conservation auction performance are too optimistic, and we propose a method for improving such estimates. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
Ano: 2007 |
URL: http://purl.umn.edu/10436 |
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Pannell, David J.; Kingwell, Ross S.; Schilizzi, Steven. |
Bugs are an unavoidable aspect of mathematical programming (MP) modelling. In this paper we discuss the prevention and diagnosis of bugs in MP models. The topic is rarely addressed in the literature but is crucial to the success of modelling projects, especially for large models. We argue that finding a bug and understanding unexpected results (whether or not due to a bug) are very closely related activities. We identify different types of bugs and suggest practical strategies for dealing with each. Adopting procedures for prevention of bugs is essential, especially for large models. We outline the prevention strategies we have adopted and found successful for the MIDAS and MUDAS models. |
Tipo: Journal Article |
Palavras-chave: Research Methods/ Statistical Methods. |
Ano: 1996 |
URL: http://purl.umn.edu/12306 |
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Schilizzi, Steven. |
The problem of how to discount values in the far future is reviewed, and shown to lead down a blind alley. An alternative is proposed that allows long term consequences to be addressed by decisions using a relatively short term time horizon. A simple model investigating the optimal containment of radioactive waste in a deterministic world is used to show that current generations can indeed cater for the interests of the far future while optimising over the short term; however, this is not always possible. The proposed method seems to address most of the critiques of long term discounting found in the literature. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy; Research Methods/ Statistical Methods. |
Ano: 2003 |
URL: http://purl.umn.edu/58206 |
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Breustedt, Gunnar; Latacz-Lohmann, Uwe; Schilizzi, Steven. |
Der vorliegende Artikel untersucht die Effizienz unterschiedlicher Ausgestaltungen von Auktionen zur Auswahl von Landwirten an Umweltprogrammen mittels eines ökonomischen Experimentes. Es wird eine Preisauktion, bei der die Leistung des Landwirts fixiert ist und er ein monetäres Mindestgebot für ein Teilnahmeentgelt abgeben soll, mit zwei unterschiedlichen Mengenauktionen verglichen, bei denen die Entgeltzahlung für den Landwirt fixiert ist und er aus unterschiedlichen Maßnahmen mit unterschiedlicher Leistung ein Angebotsbündel zusammenstellen soll. In der ersten Auktionsrunde ist die Leistung (=Stickstoffreduktion) je Euro Teilnahmeentgelt bei der Preisauktion signifikant höher als für die Mengenauktionen. Allerdings sind die Lerneffekte zwischen den... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Auktion; Ökonomisches Experiment; Umweltprogramm. |
Ano: 2007 |
URL: http://purl.umn.edu/7607 |
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Flugge, Felicity; Schilizzi, Steven. |
The impact of two greenhouse gas abatement policies on two Mediterranean-type farming systems, grazing dominant and cropping dominant, is examined. The policies analysed are; an emissions taxation policy and an emissions restrictions policy. For both farming systems the restriction policy is found to be more effective and economically efficient than the carbon permit policy. Absolute cost of abatement is less for the livestock dominant system but relative cost is greater, because of lower total farm profits. The analysis found that at predicted emissions permit prices, trees, if credited as a carbon sink, would be adopted by both farming systems to offset farm greenhouse gas emissions. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Greenhouse policy; Whole-farm modelling; Carbon sinks; Environmental Economics and Policy. |
Ano: 2003 |
URL: http://purl.umn.edu/57865 |
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Petersen, Elizabeth H.; Schilizzi, Steven; Bennett, David. |
The indirect benefits of a commercial tree crop for greenhouse gas and groundwater recharge abatement are analysed. Oil mallees are introduced into a whole-farm linear programming model as a source of income, an offset to greenhouse gas emissions from the mixed sheep and cropping enterprises and as a source of groundwater recharge abatement. The profitability of oil mallees is found to be very sensitive to the discount rate, yield and price assumptions and the relative profitability of other farm enterprises (especially the wool enterprise). Under standard assumptions where oil mallees are profitable, the trees significantly reduced greenhouse gas emissions and groundwater recharge and the farm remains profitable. If farm-level policies are introduced for... |
Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
Ano: 2003 |
URL: http://purl.umn.edu/116189 |
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Challen, Ray; Schilizzi, Steven. |
Institutions for use of natural resources, including water resources, typically encompass assignments of property rights to various levels of government, private entities and commonproperty organisations. Institutional reform often involves a change in these property rights, such as devolution of property rights from governments to private resource users. In institutional economics it is generally accepted that institutional change occurs to reduce transaction costs incurred in economic exchanges and regulatory actions. In many situations, including reform of institutions for use of water resources, there are two additional parameters that affect, or should affect, decisions for institutional change: (i) constraints arising from institutional history; and... |
Tipo: Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
Ano: 1999 |
URL: http://purl.umn.edu/123793 |
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Hailu, Atakelty; Schilizzi, Steven. |
Auctions are increasingly being considered as a mechanism for allocating conservation contracts to private landowners. This interest is based on the widely held belief that competitive bidding helps minimize information rents. This study constructs an agent-based model to evaluate the long term performance of conservation auctions under settings where bidders are allowed to learn from previous outcomes. The results clearly indicate that the efficiency benefits of one-shot auctions are quickly eroded under dynamic settings. Furthermore, the auction mechanism is found to be inferior to fixed payment schemes except when the latter involve the use of high reserve prices. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy; Land Economics/Use. |
Ano: 2003 |
URL: http://purl.umn.edu/57883 |
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Registros recuperados: 32 | |
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