Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/24946
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dc.contributor.authorBanerjee, Simantien_UK
dc.contributor.authorCason, Timothyen_UK
dc.contributor.authorde Vries, Fransen_UK
dc.contributor.authorHanley, Nicken_UK
dc.date.accessioned2017-06-27T03:33:04Z-
dc.date.available2017-06-27T03:33:04Z-
dc.date.issued2017-05en_UK
dc.identifier.urihttp://hdl.handle.net/1893/24946-
dc.description.abstractAgricultural producer participation and spatial coordination of land use decisions are key components for enhancing the effective delivery of ecosystem services from private land. However, inducing participation in Payment for Ecosystem Services schemes for coordinating land management choices is challenging from a policy design perspective owing to transaction costs associated with participation. This paper employs a laboratory experiment to investigate the impact of such costs on participation and land use in the context of an Agglomeration Bonus (AB) scheme. The AB creates a coordination game with multiple Nash equilibria related to alternative spatially-coordinated land use patterns. The experiment varies transaction costs between two levels (high and low), which affects the risks and payoffs of coordinating on the different equilibria. Additionally, an option to communicate is implemented between neighboring producers arranged on a local network to facilitate spatial coordination. Results indicate a significant difference in participation and performance under high and low transaction costs, with lower uptake and performance when transaction costs are high. These effects are, however, impacted by transaction costs faced in the past. Communication improves both AB participation rates and performance with the effect being greater for participants facing high transaction costs.en_UK
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.relationBanerjee S, Cason T, de Vries F & Hanley N (2017) Transaction Costs, Communication and Spatial Coordination in Payment for Ecosystem Services Schemes. Journal of Environmental Economics and Management, 83, pp. 68-89. https://doi.org/10.1016/j.jeem.2016.12.005en_UK
dc.rightsThis item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. Accepted refereed manuscript of: Banerjee S, Cason T, de Vries F & Hanley N (2017) Transaction Costs, Communication and Spatial Coordination in Payment for Ecosystem Services Schemes, Journal of Environmental Economics and Management, 83, pp. 68-89. DOI: 10.1016/j.jeem.2016.12.005 © 2017, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/en_UK
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en_UK
dc.subjectAgglomeration Bonusen_UK
dc.subjectPayments for Ecosystem Servicesen_UK
dc.subjectContent Analysisen_UK
dc.subjectCoordination Gamesen_UK
dc.subjectLab Experimentsen_UK
dc.subjectLocal Networksen_UK
dc.subjectStrategic Uncertaintyen_UK
dc.titleTransaction Costs, Communication and Spatial Coordination in Payment for Ecosystem Services Schemesen_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2018-06-22en_UK
dc.rights.embargoreason[Transaction Costs_Spatial Coordination_PES schemes.pdf] Publisher requires embargo of 18 months after first online publication.en_UK
dc.identifier.doi10.1016/j.jeem.2016.12.005en_UK
dc.citation.jtitleJournal of Environmental Economics and Managementen_UK
dc.citation.issn0095-0696en_UK
dc.citation.volume83en_UK
dc.citation.spage68en_UK
dc.citation.epage89en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.contributor.funderEuropean Investment Banken_UK
dc.author.emailf.p.devries@stir.ac.uken_UK
dc.citation.date21/12/2016en_UK
dc.contributor.affiliationUniversity of Nebraska-Lincolnen_UK
dc.contributor.affiliationEconomicsen_UK
dc.contributor.affiliationEconomicsen_UK
dc.contributor.affiliationUniversity of St Andrewsen_UK
dc.identifier.isiWOS:000401400300005en_UK
dc.identifier.scopusid2-s2.0-85009363505en_UK
dc.identifier.wtid541864en_UK
dc.contributor.orcid0000-0003-0462-5035en_UK
dc.date.accepted2016-12-19en_UK
dcterms.dateAccepted2016-12-19en_UK
dc.date.filedepositdate2017-01-19en_UK
dc.relation.funderprojectResearch Programme on the Financial and Economic Valuation of Environmental Impactsen_UK
dc.relation.funderref0en_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionAMen_UK
local.rioxx.authorBanerjee, Simanti|en_UK
local.rioxx.authorCason, Timothy|en_UK
local.rioxx.authorde Vries, Frans|0000-0003-0462-5035en_UK
local.rioxx.authorHanley, Nick|en_UK
local.rioxx.project0|European Investment Bank|http://dx.doi.org/10.13039/501100006139en_UK
local.rioxx.freetoreaddate2018-06-22en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||2018-06-21en_UK
local.rioxx.licencehttp://creativecommons.org/licenses/by-nc-nd/4.0/|2018-06-22|en_UK
local.rioxx.filenameTransaction Costs_Spatial Coordination_PES schemes.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source0095-0696en_UK
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