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Australian Agricultural and Resource Economics Society >
2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/10421
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| Title: | Influences on bid prices in the Vegetation Incentives Program |
| Authors: | Comerford, Emma |
| Keywords: | auctions
market-based instruments
vegetation management
conservation covenants |
| Issue Date: | 2007 |
| Series/Report no.: | Conference Paper |
| Abstract: | In a conservation auction there are many possible influences on bid prices. This paper
considers a range of factors that influenced the bids submitted to the Queensland
GovernmentÂ’'s Vegetation Incentives Program (VIP). The relationships between total bid
price and a variety of variables are examined. The VIP appears to be a unique example
of a program that asks landholders to separate management and covenant costs in their
tender. Forgoing payment on the covenant may be an indicator of low opportunity cost
or altruism on the part of the landholder. Accordingly this paper also investigates the
influences on covenant bids. |
| URI: | http://purl.umn.edu/10421 |
| Institution/Association: | Australian Agricultural and Resource Economics Society - 2007>2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand |
| Total Pages: | 15 |
| Language: | English |
| Collections: | 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand
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| cp07co04.pdf | 271Kb | PDF | View/Open |
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