Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders

Toto Olita

Research output: ThesisDoctoral Thesis

33 Downloads (Pure)

Abstract

Different types of uncertainties impact the performance of environmental programs. For example, landholders can be exposed to substantial cost variability when delivering environmental services. Therefore, they may demand additional financial incentives as compensation for undertaking 'risky' conservation projects. In such situations, conservation agencies may have to over-spend public funds to achieve their conservation targets. This research provides insights into the potential benefits of insurance mechanisms that may help alleviate landholders concerns about the uncertainties that exist in conservation tenders. We find that an actuarially fair insurance lowers optimal bids and potentially improves the cost-effectiveness of a conservation tender.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Award date18 Nov 2019
DOIs
Publication statusUnpublished - 2019

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