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Incorporating Variable Costs of Adoption into Conservation Auctions Open Access


Other title
conservation auctions
risk aversion
experimental auctions
wetland restoration
beneficial management practices
reverse auctions
Type of item
Degree grantor
University of Alberta
Author or creator
Wilson, Scott Alexander
Supervisor and department
Boxall, Peter (Resource Economics and Environmental Sociology)
Examining committee member and department
Unterschultz, Jim (Resource Economics and Environmental Sociology)
Wichmann, Bruno (Resource Economics and Environmental Sociology)
Department of Resource Economics and Environmental Sociology
Agricultural and Resource Economics
Date accepted
Graduation date
Master of Science
Degree level
Conservation auctions are a policy tool designed to provide incentives for the implementation of beneficial management practices (BMPs) more efficiently than traditional policies. Few practical auctions have been performed in Canada and there is limited understanding of how producers would react to them. A combination of experimental conservation auctions conducted at the University of Alberta and a producer survey in Miami, Manitoba were used for this thesis. We attempt to elicit risk aversion and determine how it factors into auction behaviour and performance. A risk aversion task was conducted to establish risk aversion levels for experimental auction participants and survey participants. University participants and producers exhibited similar risk aversion levels. We find risk averse individuals submitted bids closer to their BMP adoption costs. Potential cost variation also affects bidding behaviour; participants mark up their bids when there is a risk of their costs changing.
Permission is hereby granted to the University of Alberta Libraries to reproduce single copies of this thesis and to lend or sell such copies for private, scholarly or scientific research purposes only. Where the thesis is converted to, or otherwise made available in digital form, the University of Alberta will advise potential users of the thesis of these terms. The author reserves all other publication and other rights in association with the copyright in the thesis and, except as herein before provided, neither the thesis nor any substantial portion thereof may be printed or otherwise reproduced in any material form whatsoever without the author's prior written permission.
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