Work

Effect of Information Disclosure Policies in Conservation Auctions: Role of Landscape Configuration

Year: 2024

Type: article

Abstract: This paper uses controlled laboratory experiments to investigate the effect of revealing the spatial environmental scoring rule, which incorporates ecological gains obtained from spatial coordination of conservation efforts, on auction performance across different landscape types. We set up a stylized agricultural landscape where the environmental goal was to connect fragmented wildlife habitats. We found that revealing the spatial environmental scoring rule would effectively improve auction performance in the landscapes where environmental benefits and opportunity costs are uncorrelated or negatively correlated. However, the results warn against revealing the spatial environmental scoring rule in landscapes where benefits and costs are positively correlated.

Source: Land Economics

DOI: 10.3368/le.101.1.032824-0031r

Authors: Chi Nguyen, Uwe Latacz-Lohmann

Institutions: The University of Western Australia, Christian-Albrechts-Universität zu Kiel

Language: English

Topic: Auction Theory and Applications

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

SDG: Life on land

Open Access status: bronze

Funder: European Commission