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Improving models of coordination incentives for biodiversity conservation by fitting a multi-agent simulation model to a lab experiment

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  • Drechsler, Martin

Abstract

Coordination incentives (CI) like the agglomeration bonus that reward the spatial agglomeration (or other spatial patterns) of biodiversity conservation measures are gaining increasing attention. Experiments on CI, accompanied by statistical analyses, reveal insights into the behaviour of human subjects. However, the scope of statistical models is limited and one may, as in other sciences like physics or ecology, gain additional insights by fitting mechanistic process models to the experimental data. I present the first application of this type in the context of CI and fit a multi-agent simulation model to a seminal experiment on the agglomeration bonus. Comparing two basic approaches for the decision making of the model agents, reinforcement learning and using expectations about the future, reveals that the latter is much better able to replicate the observations of the experiment. Improved models of agent behaviour are indispensable in the model-based assessment of CI for the conservation of biodiversity.

Suggested Citation

  • Drechsler, Martin, 2023. "Improving models of coordination incentives for biodiversity conservation by fitting a multi-agent simulation model to a lab experiment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 102(C).
  • Handle: RePEc:eee:soceco:v:102:y:2023:i:c:s2214804322001379
    DOI: 10.1016/j.socec.2022.101967
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    Cited by:

    1. Drechsler, Martin, 2023. "A game-theoretic systematic of interactions and dynamics in the conservation and management of spatial ecosystem services," MPRA Paper 117605, University Library of Munich, Germany.

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    More about this item

    Keywords

    Agent-based model; Agglomeration bonus; Biodiversity conservation; Coordination incentives; Inverse modelling; (land use); Pattern-oriented modelling;
    All these keywords.

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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