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SEMINAR: Conservation Auctions for Agri-environmental Improvements: Bid Selection Rules, Pricing and Costs of Beneficial Management Practice Adoption

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Conservation Auctions for Agri-environmental Improvements: Bid Selection Rules, Pricing and Costs of Beneficial Management Practice Adoption Other events...
Experimental economic methods to examine the efficacy of reverse auctions to generate efficient nutrient abatement from certain agricultural practices. The experimental parameters were benchmarked to a specific beneficial management practice focusing on livestock in a Manitoba watershed and were used to examine three bid selection rules and two pricing rules. The results suggest that targeting livestock with the practice performed almost as well as targeting specific abatement levels at the farm level. Auctions which maximized participation of producers (i.e. the number of winning bidders) fared poorly on both environmental and economic outcome measures. The uniform price rule was found to be superior to the discriminative pricing rule. These latter results were found to be sensitive to various costs of adoption parameters – and subsequent experiments using many different agricultural practices were compared. Choice of the uniform pricing approach in reverse auctions is found to be related to the cost of adoption function, in particular heterogeneity in the environmental benefits and the distribution of “firms” along the cost curve. This has implications for the use of conservation auctions in real agri-environmental management settings.
Speaker(s) Professor Peter Boxall, Department of Resource Economics & Environmental Sociology, University of Alberta, Canada
Location Agriculture Lecture Theatre
Contact Fiona Gibson <[email protected]> : 64885506
URL http://www.are.uwa.edu.au/research/seminars
Start Fri, 02 Aug 2013 11:00
End Fri, 02 Aug 2013 12:00
Submitted by Fiona Gibson <[email protected]>
Last Updated Tue, 30 Jul 2013 12:44
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