@article{Coggan:283217,
      recid = {283217},
      author = {Coggan, Anthea and van Grieken, Martijn  and Boullier,  Alexis and Jardi, Xavier},
      title = {Private transaction costs of participation in water  quality improvement programs for Australia’s Great Barrier  Reef: Extent, causes and policy implications},
      journal = {Australian Journal of Agricultural and Resource Economics},
      address = {2015-10},
      number = {428-2019-504},
      year = {2015},
      abstract = {The direct private cost to landholders of participating in  programs that result in improved farming activities (IFAs)  is generally well understood. However, the private indirect  or transaction costs, such as the cost of a landholder’s  time and the expense to learn about IFAs and apply for  assistance to implement these changes on-farm, are not so  well understood. Where these have been studied, they have  been shown to be extensive. We assess the extent and causes  of private transaction costs incurred by sugarcane growers  participating in the Australian Government’s Reef Rescue  scheme which pays farmers to adopt environmentally  beneficial farm management practices. Utilising a  mail-out-mail-back survey of 110 growers, we found that the  average total transaction cost per farm of participating in  the program was AU$8389. The average total transaction  costs per farm as a percentage of the average funding  provided was 38 per cent. We also assessed which type of  improved farming activity (soil, nutrient, pest or water  management) generated the greatest transaction costs and  how landholder characteristics such as bounded rationality,  opportunism and social connection impacted on the extent of  transaction costs.},
      url = {http://ageconsearch.umn.edu/record/283217},
      doi = {https://doi.org/10.22004/ag.econ.283217},
}