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Auctions for conservation contracts: an empirical Examination of Victoria’s Bush Tender Trial

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  • Stoneham, Gary
  • Chaudhri, Vivek
  • Ha, Arthur
  • Strappazzon, Loris

Abstract

In this paper we provide an analysis of Victoria's BushTender Trial. BushTender is an auction-based approach to allocating conservation contracts that is currently being trialed in two Victorian regions. We analyse the bids provided by landholders. We compare the discriminative price auction to a hypothetical fixed-price scheme. We also comment on anecdotal evidence about the likely indirect benefits of BushTender.

Suggested Citation

  • Stoneham, Gary & Chaudhri, Vivek & Ha, Arthur & Strappazzon, Loris, 2002. "Auctions for conservation contracts: an empirical Examination of Victoria’s Bush Tender Trial," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 174043, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare02:174043
    DOI: 10.22004/ag.econ.174043
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    References listed on IDEAS

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    1. Michael H. Rothkopf, 1969. "A Model of Rational Competitive Bidding," Management Science, INFORMS, vol. 15(7), pages 362-373, March.
    2. R. Preston McAfee & John McMillan, 1996. "Analyzing the Airwaves Auction," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 159-175, Winter.
    3. Paul Klemperer, 2002. "What Really Matters in Auction Design," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 169-189, Winter.
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    5. William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, March.
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    7. Uwe Latacz-Lohmann & Carel Van der Hamsvoort, 1997. "Auctioning Conservation Contracts: A Theoretical Analysis and an Application," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 407-418.
    8. Robert B. Wilson, 1969. "Communications to the Editor--Competitive Bidding with Disparate Information," Management Science, INFORMS, vol. 15(7), pages 446-452, March.
    9. Paul Klemperer, 2002. "What Really Matters in Auction Design," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 169-189, Winter.
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    Cited by:

    1. Eggers, J. & Mettepenningen, E. & Beckmann, V., 2008. "Assessing the Efficienc of Local Action Groups and Auctions for Designing and Implenting Agri-Environmental Measures in the EU – Results from an Expert Survey," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 43, March.
    2. Peter Bardsley & Vivek Chaudhri & Gary Stoneham & Loris Strappazzon, 2002. "New Directions in Environmental Policy," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 9(3), pages 211-221.

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