BMPs for sale!: Implications from a case study in BMP auctions

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Show simple item record Smith, Craig M. Leatherman, John C. Peterson, Jeffrey M. Crespi, John M. Roe, Josh D. 2013-03-04T19:45:26Z 2013-03-04T19:45:26Z 2013-03-04
dc.description.abstract Over the past several decades, there has been an increase in the use of market-based approaches for environmental policy. The purpose of this paper is three-fold: 1) to provide a review of the literature on auction-based approaches to environmental management, 2) to gain insight into the use and effectiveness of an alternative auction designs, and 3) to present considerations for enhancing the use of flexible auction approaches for future environmental application. Specifically, this paper describes how innovative BMP auctions were used to distribute conservation funding in a small watershed in east-central Kansas and offers insights into their overall cost-effectiveness. Overall, there were 61 bids for practices requesting a total of $98,524 in funding. Through the bid evaluation process, 46 of the bids were actually funded, which resulted in an estimated 2,901 tonnes of annual soil erosion reduction. This came at a total cost of $62,566. The lessons learned from the project can help guide future conservation programs seeking market-based solutions to bring about environmental benefits and researchers interested in analyzing the effectiveness of these mechanisms. en_US
dc.language.iso en_US en_US
dc.relation.uri en_US
dc.rights Permission to archive granted by the Journal of Regional Analysis and Policy, February 4, 2013. en_US
dc.subject Environmental management en_US
dc.subject Environmental policy en_US
dc.subject BMP auctions en_US
dc.subject Conservation en_US
dc.subject Market-based solutions en_US
dc.title BMPs for sale!: Implications from a case study in BMP auctions en_US
dc.type Article (publisher version) en_US 2012 en_US
dc.citation.epage 161 en_US
dc.citation.issue 2 en_US
dc.citation.jtitle Journal of Regional Analysis & Policy en_US
dc.citation.spage 151 en_US
dc.citation.volume 42 en_US
dc.contributor.authoreid jcrespi en_US
dc.contributor.authoreid jpeters en_US
dc.contributor.authoreid roe en_US
dc.contributor.authoreid jleather en_US

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