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Can partial project selection improve conservation auction performances?

Iftekhar, MS, Tisdell, JG ORCID: 0000-0001-9949-1644 and Sprod, D 2018 , 'Can partial project selection improve conservation auction performances?' , Australasian Journal of Environmental Management , pp. 1-21 , doi: 10.1080/14486563.2017.1417164.

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Abstract

Conservation auctions often follow an ‘all or nothing’ bid selectionapproach, which restricts the selection of the most suitable partsof a submitted project. The problem with ‘lumpy’ (or all-ornothing)project selection has been identified in the literature as amajor problem in conservation policy; however, the extent of theproblem has been rarely quantified. Using an actual conservationtender dataset from Tasmania, the effect of the approach wasestimated. This study finds that with a relatively small budget, thecost-effectiveness loss could be as high as one-quarter. To avoidsuch problem, a partial bid selection could be applied. The basicprinciple of a partial bid selection is to invite a single project fromeach landholder with the option for the environmental planningagency to partially select sections of the offer lands that maximisethe achievement of the agency’s policy objectives. A sensitivityanalysis with different bid and ecological value correction factorsshows that when the corrections are low, the partial selectionapproach could be more cost-effective than an ‘all or nothing’approach. The results indicate that agencies should consideralternative project selection approaches with better targetingcapabilities.

Item Type: Article
Authors/Creators:Iftekhar, MS and Tisdell, JG and Sprod, D
Keywords: land conservatuion, ecological economics
Journal or Publication Title: Australasian Journal of Environmental Management
Publisher: Taylor & Francis
ISSN: 1448-6563
DOI / ID Number: 10.1080/14486563.2017.1417164
Copyright Information:

© 2018 Environment Institute of Australia and New Zealand Inc.

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