Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders
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�...
| Main Authors: | , , , , |
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| Format: | Book |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/97907 |
| _version_ | 1848766335307218944 |
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| author | Olita, Toto Schilizzi, Steve Iftekhar, Sayed Latacz-Lohmann, Uwe Boxall, Peter |
| author_facet | Olita, Toto Schilizzi, Steve Iftekhar, Sayed Latacz-Lohmann, Uwe Boxall, Peter |
| author_sort | Olita, Toto |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T11:49:30Z |
| format | Book |
| id | curtin-20.500.11937-97907 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:49:30Z |
| publishDate | 2019 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-979072025-06-11T01:29:49Z Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders Olita, Toto Schilizzi, Steve Iftekhar, Sayed Latacz-Lohmann, Uwe Boxall, Peter Bidding theory Conservation tenders Embedded insurance Public expenditure Own-cost uncertainty 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. 2019 Book http://hdl.handle.net/20.500.11937/97907 10.26182/5df9c5c881314 unknown |
| spellingShingle | Bidding theory Conservation tenders Embedded insurance Public expenditure Own-cost uncertainty Olita, Toto Schilizzi, Steve Iftekhar, Sayed Latacz-Lohmann, Uwe Boxall, Peter Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders |
| title | Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders |
| title_full | Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders |
| title_fullStr | Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders |
| title_full_unstemmed | Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders |
| title_short | Investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders |
| title_sort | investigating the potential of insurance as a mechanism to enhance the performance of risky conservation tenders |
| topic | Bidding theory Conservation tenders Embedded insurance Public expenditure Own-cost uncertainty |
| url | http://hdl.handle.net/20.500.11937/97907 |