Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:53:38am WEST
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Daily Overview |
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Financial Tools and Public Dilemmas Location: B131 Session Chair: Adrien Fabre, CNRS - CIRED | |
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Conservation Payments: Effectiveness and Design in Groundwater Irrigation 1: Montana State University, United States of America; 2: University of California, Santa Cruz, United States of America Policymakers often seek to reduce resource consumption but face constraints that preclude the use of prices or other first-best instruments. This paper studies the effectiveness and design of an alternative approach: payments for voluntary conservation. We offered payments for reduced groundwater use among farmers in Gujarat, India in a randomized controlled trial. Price incentives work: The program reduced irrigation time by 22 percent. Conservation payments are a practical policy tool in this setting: The program saved energy at a per-unit cost comparable to the electric utility’s supply costs. Contract design greatly affects cost-effectiveness: More stringent benchmark values (against which conservation is measured and rewarded) halved the average cost of conservation. | |