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    Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders

    Access Status
    In process
    Authors
    Olita, Toto
    Schilizzi, Steve
    Iftekhar, Sayed
    Latacz-Lohmann, Uwe
    Boxall, Peter
    Date
    2019
    Type
    Book
    
    Metadata
    Show full item record
    DOI
    10.26182/5df9c5c881314
    Faculty
    Faculty of Science and Engineering
    School
    School of Molecular and Life Sciences (MLS)
    URI
    http://hdl.handle.net/20.500.11937/97907
    Collection
    • Curtin Research Publications
    Abstract

    Different types of uncertainties impact the performance of environmental programs. For example, landholders can be exposed to substantial cost variability when delivering environmental services. Therefore, they may demand additional financial incentives as compensation for undertaking 'risky' conservation projects. In such situations, conservation agencies may have to over-spend public funds to achieve their conservation targets. This research provides insights into the potential benefits of insurance mechanisms that may help alleviate landholders concerns about the uncertainties that exist in conservation tenders. We find that an actuarially fair insurance lowers optimal bids and potentially improves the cost-effectiveness of a conservation tender.

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    • Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders
      Olita, Toto ; Schilizzi, Steve; Iftekhar, Sayed; Latacz-Lohmann, Uwe; Boxall, Peter (2019)
      Different types of uncertainties impact the performance of environmental programs. For example, landholders can be exposed to substantial cost variability when delivering environmental services. Therefore, they may demand ...
    • The influence of a conservation insurance mechanism on optimal bidding in risky conservation auctions
      Olita, Toto ; Schilizzi, Steven; Iftekhar, Sayed (2018)
      Conservation auctions or tenders (CTs) are gaining popularity globally due to their ability to generate efficiency gains with limited public funding. However, the existence of various types of uncertainties, in particular, ...
    • Optimizing contract allocation for risky conservation tenders
      Olita, Toto ; Iftekhar, Md Sayed; Schilizzi, Steven (2022)
      In the face of a shrinking budget for environmental activities, conservation agencies must design and implement agri-environmental policies that cost-effectively meet the environmental objectives. However, designing such ...
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