Auctioning Risky Conservation Contracts

Wichmann, Bruno; Boxall, Peter C.; Wilson, Scott; Pergery, Orsolya

doi:10.1007/s10640-016-0063-x

Cited by 13 publications

(14 citation statements)

References 44 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Most research is focalized through buyers, even if the ultimate goal is to provide insights into bidders' behavioral patterns. Studies exploring how risk impacts bidding include Wichmann et al's [118] experiment on bidder responses to different risk categories (cost and losing) and configurations, Lundberg's [94] algorithm for choosing pricing rules based on the risk landscape, and Palm-Forster et al's [92] comparison of BMP-promoting tools under uncertainty. Considered from the buyer's perspective, common approaches to integrating risk include simple discounting [40,95] and screening mechanisms [117], and-among the most serious attempts at risk integration-D-PLPN [18].…”

Section: Advanced Functionsmentioning

confidence: 99%

“…Bidding entails time, effort, and potentially emotional investment with uncertain payoff, so prospective bidders may struggle to gauge the risks and benefits of participation if they do not understand the mechanism [96]. Bidding also involves trading off the risk of losing with that of winner's curse [118], so bid shading can reflect uncertainties about implementation, transaction costs, future expenses, and past experience [30,80,90,92].…”

mentioning

confidence: 99%

See 1 more Smart Citation

Ecosystem Services Auctions: The Last Decade of Research

Bingham

Re²,

Borges

2021

Forests

View full text Add to dashboard Cite

Auctions offer potential cost-effectiveness improvements over other mechanisms for payments for ecosystem services (PES) contract allocation. However, evidence-based guidance for matching design to application is scarce and research priorities are unclear. To take stock of the current state of the art, we conducted a systematic review and thematic content analysis of 56 peer-reviewed journal articles discussing ES auctions published in the last decade. Auctions were approached from three overlapping perspectives: mechanism design, PES, and policy analysis. Five major themes emerged: (1) performance, including measures like cost-effectiveness and PES criteria like additionality; (2) information dynamics like price discovery and communication effects; (3) design innovations like risk-integrating and spatially coordinated mechanisms; (4) contextual variables like policy context and cultural values; and (5) participation factors. Additional attention from policymakers and continued efforts to coordinate research in this diverse and interdisciplinary subfield may be beneficial.

show abstract

Section: Advanced Functionsmentioning

confidence: 99%

mentioning

confidence: 99%

Ecosystem Services Auctions: The Last Decade of Research

Bingham

Re²,

Borges

2021

Forests

View full text Add to dashboard Cite

show abstract

“…Burton, 2014;Defrancesco et al, 2008;Hill et al, 2011;Perkins et al, 2013) and in economic choice experiments (e.g. Boxall et al, 2017;Wichmann et al, 2016). Exceptions to this prevailing view are a small number of studies that have considered absentee landholders (e.g.…”

Section: Introductionmentioning

confidence: 99%

Who participates in conservation incentive programs? Absentee and group landholders are in the mix

2018

View full text Add to dashboard Cite

After the embargo period via non-commercial hosting platforms such as their institutional repository  via commercial sites with which Elsevier has an agreement In all cases accepted manuscripts should: link to the formal publication via its DOI  bear a CC-BY-NC-ND licensethis is easy to do  if aggregated with other manuscripts, for example in a repository or other site, be shared in

show abstract

“…Ranking criteria can include location, environmental sensitivity, level of environmental investment, co-benefits on non-primarily targeted ecosystem services, etc. least since 2002 (Boxall et al, 2013(Boxall et al, , 2017Brown et al, 2011;Hill et al 2011;Kits et al, 2014Kits et al, , 2015Novak, 2017;Packman & Boxall, 2010;Wichmann et al, 2017). Ranking systems and reverse auctions (i.e.…”

Section: List Of Figuresmentioning

confidence: 99%

“…Two theories in social psychology have been particularly 37 In addition to maximising income, McGregor et al (1996) identify that farmers' decisions are influenced by: objectives and goals in farming; attitude towards the traditional/ethical approach to farming; stress and the ability to cope with stress, satisfaction with and optimism about farming, attitudes to legislation; risktaking, autonomy, management attitudes; conservation attitudes; quality and quantity of information; who is involved in the decision-making process; the individual's ability to solve problems; and aspects of their personality. Wichmann et al (2017Wichmann et al ( , p. 1111 found that participants in conservation reserve auctions with risky conservation contracts "decrease their bids as risk aversion increases, even in auctions with cost risk, suggesting that the risk of losing the auction dominates. These findings uncover new challenges for the practical implementation of conservation auctions as an efficient policy instrument".…”

Section: Farmers' Motivations For Participating In Environmental Incentivementioning

confidence: 99%

Farmers’ Preferences for Agri-Environmental Incentive Programs, Learning from Experiences in Ontario

Lemaitre-Curri¹

View full text Add to dashboard Cite

Based on a literature review, an international benchmark, and a case study in Ontario, the dissertation explores farmers' preferences for agri-environmental incentive programs. We use literature in agricultural, environmental and behavioural economics, and social psychology to propose an original analytical framework of farmers' preferences. This framework is tested in Ontario and helps understand farmers' motivations to participate or not to participate in environmental incentive programs.We then review the evolution of agri-environmental programs in Ontario since the 1930s.We develop original frameworks to compare programs fostering either collaboration or competition among farmers and use these frameworks to compare Ontario programs with contrasting programs in other provinces and OECD countries.Based on program design analysis and semi-structured interviews, we identify program characteristics that matter to Ontario farmers. Through a choice experiment, we then test which characteristics matter most in farmers' decisions and segment Ontario farmers into groups of heterogeneous preferences.The dissertation decisively adopts a mixed-methodology approach. Qualitative research is used to design the choice experiment (exploratory sequential design). Open-ended questions in the experiment link farmer choice-profiles with qualitative results, thus confirming, illustrating or nuancing choice experiment findings (convergent design).Finally, the participation of informal field advisors all along the research process allows for a research design targeted on current policy questions and continuous verification of intermediate findings.iv We find that programs designed to be the most competitive are not necessarily the most cost-efficient because medium and long-term dimensions are not considered. We identify five farmer profiles with different preferences and attitudinal traits. While 'Business Farmers' and 'Busy Farmers' have a strong preference for high incentive levels, other types of farmers either value technical assistance above the monetary incentive, are only willing to participate if their contact point is a fellow farmer, or are largely unwilling to participate.Several farmer profiles would prefer collective approaches. We also find that preferences are endogenous. They evolve as information emerges, applications succeed or fail, engagement takes place, and farmers discuss approaches and their impacts. The concluding chapter presents, on this basis, a series of research-grounded recommendations for agrienvironmental policy design in Ontario. v AcknowledgementsAfter many years pushing back at the idea of engaging in a Ph.D. thesis, I remember a calm winter day, looking at the trees and fluffy snow by the cross-country ski tracks and finally realizing that I was ready for the adventure.I dedicate this thesis to my mother-in-law, Dr. Gudrun Curri, who made sure that this vague idea became a reality. Not only did she introduce me to the great team of professors at the Carleton University School of Public Policy and...

show abstract

Auctioning Risky Conservation Contracts

Cited by 13 publications

References 44 publications

Ecosystem Services Auctions: The Last Decade of Research

Ecosystem Services Auctions: The Last Decade of Research

Who participates in conservation incentive programs? Absentee and group landholders are in the mix

Farmers’ Preferences for Agri-Environmental Incentive Programs, Learning from Experiences in Ontario

Contact Info

Product

Resources

About