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Abstract
The Fitzroy basin in central Queensland is the largest basin in the Great Barrier Reef
catchment area. The large quantities of sediment and nutrient export are of concern
and come predominantly from diffuse sources in the grazing industry. The focus of
the research reported in this paper was on the potential supply of mitigation actions
from this group. This potential supply is very difficult to establish ex ante. However,
such information may be crucial to the design of a quantity-based mechanism that
requires supply of mitigation actions. In this study, the use of a stated preference
technique called “choice modelling” and an experimental economics technique
termed “experimental auctions” were applied to ascertain potential supply
relationships.