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• W2787206181 abstract "Price-based interventions can be corrective where users extract from a common resource, but may also impact existing social norms, often crowding them out. In contrast, I find a pumping fee implemented by a group of irrigators in Southern Colorado effectively crowds-in pro-conservation norms, enhancing the financial incentive's impact. Using a unique, spatially oriented panel-data set of groundwater wells, I separate the direct role of increased pumping costs from the indirect effect transmitted through altered conservation norms. To quantify conservation behavior, I estimate how pumping at one well responds to pumping at nearby wells – using instrumental variables to address simultaneity bias – and interact that behavior with a difference-in-difference framework to assess the influence of the intervention. In the preferred specification, the fee directly accounts for approximately 74% of the reduced pumping and the remaining 26% comes from crowding-in conservation norms." @default.
• W2787206181 created "2018-02-23" @default.
• W2787206181 creator A5048574183 @default.
• W2787206181 date "2018-07-01" @default.
• W2787206181 modified "2023-10-18" @default.
• W2787206181 title "Economic incentives and conservation: Crowding-in social norms in a groundwater commons" @default.
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• W2787206181 doi "https://doi.org/10.1016/j.jeem.2018.04.007" @default.
• W2787206181 hasPublicationYear "2018" @default.
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