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Conservation auctions: an online double constraint reverse auction experiment

Author

Listed:
  • Adrien Coiffard

    (CEE-M - Centre d'Economie de l'Environnement - Montpellier - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement - UM - Université de Montpellier)

  • Raphaële Préget

    (CEE-M - Centre d'Economie de l'Environnement - Montpellier - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement - UM - Université de Montpellier)

  • Mabel Tidball

    (CEE-M - Centre d'Economie de l'Environnement - Montpellier - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement - UM - Université de Montpellier)

Abstract

Conservation auctions are reverse auctions designed to allocate payments for environmental services. We perform an online experiment to study a reverse auction that combines both a budget and a target constraint, i.e., a double constraint auction. We compare the performance of this auction format to target and budget constraint formats according to three different criteria: the number of units purchased, the budget spent and the unit cost. Our results show that the performance of the double constraint auction, compared with announcing only a target constraint or a budget constraint, depends on the buyer's objective(s). Indeed, our main conclusion is that no ranking satisfies our three criteria simultaneously.

Suggested Citation

  • Adrien Coiffard & Raphaële Préget & Mabel Tidball, 2024. "Conservation auctions: an online double constraint reverse auction experiment," Working Papers hal-04189991, HAL.
    • Handle: RePEc:hal:wpaper:hal-04189991
    Note: View the original document on HAL open archive server: https://hal.inrae.fr/hal-04189991v3
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