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• W290476933 abstract "This paper uses experimental methods to examine how individuals react to a set of voluntary incentives related to the conservation of a resource. The goal was to determine whether conservation over a critical area, such as a deep portion of an aquifer, could be encouraged, and whether coordination between individuals could be induced. Participants were faced with a bidding process through which units were selected for conservation, and some participants were offered an agglomeration bonus for conserving units that shared a border. Examining how bids changed across rounds revealed the existence of a learning process; implying that a similar real-world program would need to provide a large amount of information up front in order to achieve the desired effect. Using a monetary selection constraint resulted in more units placed in conservation. The bonus did not necessarily encourage conservation at the critical area, but it did reduce participant’s bid amounts." @default.
• W290476933 created "2016-06-24" @default.
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• W290476933 creator A5062156434 @default.
• W290476933 date "2013-01-01" @default.
• W290476933 modified "2023-09-27" @default.
• W290476933 title "Applying a Voluntary Incentive Mechanism to the Problem of Groundwater Conservation: An Experimental Approach" @default.
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• W290476933 doi "https://doi.org/10.22004/ag.econ.143030" @default.
• W290476933 hasPublicationYear "2013" @default.
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