Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/24946
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dc.contributor.authorBanerjee, Simanti-
dc.contributor.authorCason, Timothy-
dc.contributor.authorde, Vries Frans-
dc.contributor.authorHanley, Nick-
dc.date.accessioned2017-06-27T03:33:04Z-
dc.date.issued2017-05-
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.isoen-
dc.publisherElsevier-
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.-
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/-
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.embargodate2018-06-20T00:00:00Z-
dc.rights.embargoreasonPublisher requires embargo of 18 months after first online publication.-
dc.identifier.doihttp://dx.doi.org/10.1016/j.jeem.2016.12.005-
dc.citation.jtitleJournal of Environmental Economics and Management-
dc.citation.issn0095-0696-
dc.citation.volume83-
dc.citation.spage68-
dc.citation.epage89-
dc.citation.publicationstatusPublished-
dc.citation.peerreviewedRefereed-
dc.type.statusPost-print (author final draft post-refereeing)-
dc.author.emailf.p.devries@stir.ac.uk-
dc.citation.date21/12/2016-
dc.contributor.affiliationUniversity of Nebraska-Lincoln-
dc.contributor.affiliationEconomics-
dc.contributor.affiliationEconomics-
dc.contributor.affiliationUniversity of St Andrews-
dc.rights.embargoterms2018-06-21-
dc.rights.embargoliftdate2018-06-21-
dc.identifier.isi000401400300005-
Appears in Collections:Economics Journal Articles

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