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
Private Land Conservation in a Dynamically Changing and Risky World. Climate change, and the increasing risk of drought, heatwaves, and fire, have major implications for the design and effectiveness of private land conservation programs. This project aims to generate new knowledge about the effect of climate change on adoption and outcomes of private land conservation agreements. It will use an innovative social-ecological approach focused on koalas. Expected outcomes include an innovative frame ....Private Land Conservation in a Dynamically Changing and Risky World. Climate change, and the increasing risk of drought, heatwaves, and fire, have major implications for the design and effectiveness of private land conservation programs. This project aims to generate new knowledge about the effect of climate change on adoption and outcomes of private land conservation agreements. It will use an innovative social-ecological approach focused on koalas. Expected outcomes include an innovative framework to help make decisions about private land conservation investments under climate change. This should provide significant benefits for government and non-government organisations by providing solutions to climate-proof their conservation investments on private land in a rapidly changing world.Read moreRead less