Designing for uncertainty in conservation auctions. Economic theory and case study evidence show that tenders or auctions are more efficient than grant mechanisms for encouraging landholders to produce environmental outcomes on private land. These studies have ignored the effects of uncertainty of both bidders and administrators about factors such as landholder participation and the level of environmental benefits that will be delivered. This project will test whether distributing environmental ....Designing for uncertainty in conservation auctions. Economic theory and case study evidence show that tenders or auctions are more efficient than grant mechanisms for encouraging landholders to produce environmental outcomes on private land. These studies have ignored the effects of uncertainty of both bidders and administrators about factors such as landholder participation and the level of environmental benefits that will be delivered. This project will test whether distributing environmental funds via tenders is still efficient when uncertainty about various important factors is considered. Results from this research are expected to inform the cost effective design of systems to pay landholders for the provision of environmental benefits even when there is high uncertainty.Read moreRead less
Economics of Conserving Australian Tropical Wildlife: An Analysis of the Role of Economic Valuation, Property Rights and Commercialisation. Australian tropical native animals are selected to analyse economic valuation (use and non-use valuation) of wildlife species and to assess systematically the role of property rights and commercialisation in conservation. The project will (1) reduce bias of Australian economic studies in favour of temperate species; (2) answer several unresolved questions ra ....Economics of Conserving Australian Tropical Wildlife: An Analysis of the Role of Economic Valuation, Property Rights and Commercialisation. Australian tropical native animals are selected to analyse economic valuation (use and non-use valuation) of wildlife species and to assess systematically the role of property rights and commercialisation in conservation. The project will (1) reduce bias of Australian economic studies in favour of temperate species; (2) answer several unresolved questions raised in the Parlimentary Report on Commercial Utilisation of Australian Wildlife; (3) advance economic theory (e.g. relating to dynamic influences on economic valuation) and provide new insights into property rights making use of empirical and experimental results, and (4) thereby contribute to public policy decision-making.Read moreRead less
Benefits and costs of non-market valuation for environmental management. Benefits from environmental policies are often unpriced “non-market values” (NMVs). Environmental agencies struggle to know how best to measure these relatively intangible benefits, but doing so is important to ensure value for money from public investments. Environmental economists have developed and applied a wide range of methods for estimating NMVs. The methods vary in their comprehensiveness, accuracy and cost. Yet no ....Benefits and costs of non-market valuation for environmental management. Benefits from environmental policies are often unpriced “non-market values” (NMVs). Environmental agencies struggle to know how best to measure these relatively intangible benefits, but doing so is important to ensure value for money from public investments. Environmental economists have developed and applied a wide range of methods for estimating NMVs. The methods vary in their comprehensiveness, accuracy and cost. Yet no rigorous tool is available to assess (a) which NMV method is best to implement, accounting for its cost and its potential to improve decisions, or (b) whether any NMV method improves decisions enough to warrant its cost. In creating such a tool, this project will deliver a key breakthrough in environmental economics.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE180101503
Funder
Australian Research Council
Funding Amount
$357,996.00
Summary
Using improved markets to reduce over-extraction of groundwater. This project aims to investigate the key aspects needed for a successful groundwater market, including extraction limits, innovative trading systems and reasonable transaction costs. The outcomes of the project can contribute to environmental benefits that minimise short-term financial losses to irrigators. The project also expects to enhance the capacity of water agencies to implement cap and trade systems that can reduce over-ext ....Using improved markets to reduce over-extraction of groundwater. This project aims to investigate the key aspects needed for a successful groundwater market, including extraction limits, innovative trading systems and reasonable transaction costs. The outcomes of the project can contribute to environmental benefits that minimise short-term financial losses to irrigators. The project also expects to enhance the capacity of water agencies to implement cap and trade systems that can reduce over-extraction.Read moreRead less
Do scientist and public preferences diverge? Analysing expert and public preferences for environmental and social outcomes for the Swan River. Expert judgements and public preferences may be quite different, so when can organisations rely on experts, how serious is the divergence, and when does it matter? In a case study of Perth's iconic Swan River, the project will explore this issue and its consequences for decision makers, to assist the Swan River Trust in their future decision making.
Redesigning Landcare policy to better coordinate across landholders. This project aims to study how landscape-sensitive economic incentives and social norms can be leveraged to enhance the short- and long-term effectiveness of conservation programs. It will yield new knowledge for innovative designs in conservation contracting that is urgently needed to address worsening environmental threats in Australia and worldwide. In collaboration with Nobel laureate Vernon Smith’s team, new methods and pr ....Redesigning Landcare policy to better coordinate across landholders. This project aims to study how landscape-sensitive economic incentives and social norms can be leveraged to enhance the short- and long-term effectiveness of conservation programs. It will yield new knowledge for innovative designs in conservation contracting that is urgently needed to address worsening environmental threats in Australia and worldwide. In collaboration with Nobel laureate Vernon Smith’s team, new methods and protocols will improve our ability to generate better data and better understand how social and incentive mechanisms can constructively interact to facilitate collaborative environmental action. Results will help make the achievement of environmental targets and the use of public funds more cost-effective. Read moreRead less
Managing Carbon Offsets to Improve Australian Climate Policy Effectiveness. This project aims to evaluate the Emissions Reduction Fund-Australia’s flagship climate policy-by using a combination of state-of-the-art theoretical and experimental economic methods. This project expects to generate new knowledge by investigating how the use of aggregators (intermediaries) and contract design impact the current regulation. Expected outcomes of this project include a clear scholarly understanding of how ....Managing Carbon Offsets to Improve Australian Climate Policy Effectiveness. This project aims to evaluate the Emissions Reduction Fund-Australia’s flagship climate policy-by using a combination of state-of-the-art theoretical and experimental economic methods. This project expects to generate new knowledge by investigating how the use of aggregators (intermediaries) and contract design impact the current regulation. Expected outcomes of this project include a clear scholarly understanding of how to redesign the regulatory system to deliver better environmental outcomes for less public funds. The insights gained should provide significant benefits to both Federal and State Australian policymakers (as well as policymakers worldwide) on the design and implementation of carbon offsetting mechanisms.Read moreRead less
The Sustainability of Agricultural Productivity Growth in a Changing Environment: An International Perspective. The project could provide significant benefits to Australia. Australia is a dry continent with fragile natural resources, and a significant exporter of agricultural products. A sound knowledge of the factors that affect agricultural sustainability is crucial. Perhaps more importantly, identifying economic, environmental, social, institutional and political factors that influence agric ....The Sustainability of Agricultural Productivity Growth in a Changing Environment: An International Perspective. The project could provide significant benefits to Australia. Australia is a dry continent with fragile natural resources, and a significant exporter of agricultural products. A sound knowledge of the factors that affect agricultural sustainability is crucial. Perhaps more importantly, identifying economic, environmental, social, institutional and political factors that influence agricultural sustainability in other countries, especially our Asian neighbours, will provide valuable information to relevant agencies in designing strategies aimed at ensuring that these countries are stable and well fed. This is of particular importance in the current climate, with growing influences of terrorist organisations in places where poverty exists.Read moreRead less
Technology Transforming Markets: Large-Scale Field Experiments in Electricity Use. Advances in information technology are transforming electricity markets. Victoria is rolling out ‘smart’ meters, which record half-hourly consumption data. Some retailers also provide web portals that facilitate customer access to this information. Together with an innovative start-up company, this project aims to use large-scale field experiments to evaluate the impact of these technologies on how consumers: use ....Technology Transforming Markets: Large-Scale Field Experiments in Electricity Use. Advances in information technology are transforming electricity markets. Victoria is rolling out ‘smart’ meters, which record half-hourly consumption data. Some retailers also provide web portals that facilitate customer access to this information. Together with an innovative start-up company, this project aims to use large-scale field experiments to evaluate the impact of these technologies on how consumers: use electricity; opt for new pricing plans; and switch retailers. The aims have important implications for environmental policies designed to conserve energy, for consumer choice and welfare, and for retail market competitiveness.Read moreRead less
Improving water market outcomes through a better understanding of market behaviour. The issue of water resources and their sustainable use is probably the most important issue facing the rural sector. The water reform process and its aim to secure water for the environment will cause economic and social pain and result in structural change within the irrigation sector. Properly functioning water markets will play an instrumental role in facilitating this process by providing water for the envir ....Improving water market outcomes through a better understanding of market behaviour. The issue of water resources and their sustainable use is probably the most important issue facing the rural sector. The water reform process and its aim to secure water for the environment will cause economic and social pain and result in structural change within the irrigation sector. Properly functioning water markets will play an instrumental role in facilitating this process by providing water for the environment and allowing water to move between competing resources. This study will enable policy makers and water managers to optimise the positive outcome of water markets and increase the likely success of programs to purchase environmental water.Read moreRead less