Comparing a best management practice scorecard with an auction metric to select proposals in a water quality tender
This report compares evaluation frameworks for selecting landholder proposals to improve water quality. A water quality tender performed in the Burdekin region in Northern Australia in 2007/2008 was used as a case study. Tender bids can be assessed using an inputs-based best management practice scorecard or an outputs-based auction metric. Where landholder proposals are rated by inputs-based criteria, the scorecard approach, and other variants of multi-criteria analysis are commonly applied. Output-based approaches are typically applied in water quality and conservation tenders. This approach uses an environmental benefits index to summarise the cost-effectiveness of each proposal. The case study evaluation reported in this paper shows how multi-criteria analysis-type assessments are flawed. It demonstrates how public funding efficiency can be more than doubled by using auction metrics to assess landholder water quality improvement proposals.
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- Uwe Latacz-Lohmann & Carel P. C. M. Hamsvoort, 1998. "Auctions as a Means of Creating a Market for Public Goods from Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(3), pages 334-345.
- Wünscher, Tobias & Engel, Stefanie & Wunder, Sven, 2008. "Spatial targeting of payments for environmental services: A tool for boosting conservation benefits," Ecological Economics, Elsevier, vol. 65(4), pages 822-833, May.
- 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.
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