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Auctions for conservation contracts: an empirical examination of Victoria's BushTender Trial

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Date

2002

Authors

Stoneham, Gary
Chaudhri, Vivek
Ha, Arthur
Strappazon, Loris

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Abstract

In this paper we provide an analysis of an auction-based approach to allocating biodiversity conservation contracts on private land. The auction, called BushTender, was conducted by the Department of Natural Resources and Environment (NRE) in two regions of Victoria. The paper describes the key design features of the auction: including the auction format, contract specification and specification of biodiversity preferences; we analyse the bids provided by landholders; and compare the discriminative price auction with a hypothetical fixed-price scheme. We also comment on anecdotal evidence about the likely indirect benefits of BushTender.

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Keywords

Bush Tender

Citation

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http://hdl.handle.net/1885/40973
 http://digitalcollections.anu.edu.au/handle/1885/40973

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ANU Research Publications

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Type

Working/Technical Paper

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Restricted until

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