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11 - Incentive Design

from Part III - Economic Modelling

Published online by Cambridge University Press:  29 February 2020

Martin Drechsler
Affiliation:
Helmholtz Centre for Environmental Research, UFZ, Leipzig
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Summary

Having laid the foundation of economic policy analysis in Chapters 9 and 10, Chapter 11 presents literature examples of incentive design. The art of incentive design is to offer agents (land users) financial incentives so that it is in their own interest to carry out conservation measures with an effort, at those sites and at those times, so that biodiversity is conserved cost-effectively. This chapter starts with the problems of asymmetric information and moral hazard. The following sections discuss the difference between budget-effectiveness and cost-effectiveness, introducing conservation auctions as alternatives to conservation payments, addressing the problem of incentivising the creation of habitat heterogeneity in a landscape, and lastly outlining the functioning of the agglomeration bonus that incentivises the provision of spatially agglomerated habitat for species.

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Publisher: Cambridge University Press
Print publication year: 2020

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  • Incentive Design
  • Martin Drechsler
  • Book: Ecological-Economic Modelling for Biodiversity Conservation
  • Online publication: 29 February 2020
  • Chapter DOI: https://doi.org/10.1017/9781108662963.015
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  • Incentive Design
  • Martin Drechsler
  • Book: Ecological-Economic Modelling for Biodiversity Conservation
  • Online publication: 29 February 2020
  • Chapter DOI: https://doi.org/10.1017/9781108662963.015
Available formats
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To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Incentive Design
  • Martin Drechsler
  • Book: Ecological-Economic Modelling for Biodiversity Conservation
  • Online publication: 29 February 2020
  • Chapter DOI: https://doi.org/10.1017/9781108662963.015
Available formats
×