Complexity and Efficiency in Conservation Auctions: Evidence from a Laboratory Experiment

Authors

Simanti Banerjee, University of Nebraska-LincolnFollow
Marc Conte, Fordham UniversityFollow

Date of this Version

4-4-2018

Document Type

Article

Citation

Cornhusker Economics, April 4, 2018, agecon.unl.edu/cornhuskereconomics

Comments

Copyright 2018 University of Nebraska

Abstract

Payment-for-ecosystem-services (PES) schemes financially compensate producers for implementing various conservation practices on their properties that generate ecosystem-service benefits for society. Conservation auctions have been adopted in several PES programs such as the Conservation Reserve Program (CRP) (Hellerstein et al., 2015) and involve producers submitting bids for one or more environmental practices for consideration in the auction.