Auctioning Outcome-Based Conservation Contracts
AbstractThis paper explores two ideas to enhance the performance of agri-environmental contracting schemes: linking contract payments to environmental outcomes and putting the contracts up for tender. This paper investigates whether there are any gains to be had by combining the benefits of both approaches. Controlled lab experiments were run in two countries, systematically varying the rate at which payments are linked to environmental outcomes. This paper clarifies the conditions under which the benefits from combining tenders with incentive payments outweigh the costs.
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Bibliographic InfoPaper provided by German Association of Agricultural Economists (GEWISOLA) in its series 51st Annual Conference, Halle, Germany, September 28-30, 2011 with number 114523.
Date of creation: 2011
Date of revision:
Conservation tenders; auctions; incentive contracts; agricultural policy; environmental policy; market-based instruments; experimental economics; Auktionen; Ausschreibungsverfahren; Agrar-Umweltverträge; Agrar-Umweltpolitik; Anreizverträge; experimentelle Ökonomie; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Demand and Price Analysis; Political Economy;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-10-15 (Agricultural Economics)
- NEP-ALL-2011-10-15 (All new papers)
- NEP-ENV-2011-10-15 (Environmental Economics)
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