@article{Boxall:121624,
      recid = {121624},
      author = {Boxall, Peter C. and Perger, Orsolya and Packman,  Katherine},
      title = {An Experimental Examination of Target Based Conservation  Auctions},
      address = {2012},
      number = {1529-2016-132100},
      series = {SP},
      pages = {22},
      year = {2012},
      abstract = {Conservation auctions (CA) are typically employed to  increase the provision of Ecological Goods and Services  (EG&S) for achieving environmental goals. This paper  exmaines the ability of a CA to meet an environmental  target. Previous research on this topic used the number of  contracts as a target rather than some specified  environmental goal. We used experimental economic methods  benchmarked to a wetlands restoration case study to examine  a target constraint that must be met by bidders rather than  a budget constraint. However, since no budget constraint is  employed, agencies with limited resources might have to use  other auction design procedures to ensure that financial  outlays to pay winning bidders are not too high while  meeting the target. Accordingly we utilized a reserve price  experimental treatment to address this question. The  research compares the various levels of budget and target  approaches focusing on efficiency, environmental  improvements, and rent seeking metrics.},
      url = {http://ageconsearch.umn.edu/record/121624},
      doi = {https://doi.org/10.22004/ag.econ.121624},
}