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).
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Daily Overview |
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Water Quality and Management Location: B129 Session Chair: Lusi Xie, University of Georgia | |
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Cost-Effective Contract Design for Agricultural Water Conservation 1: University of Georgia, United States of America; 2: University of Tennessee; 3: Albany State University Payment for ecosystem services (PES) programs are widely used to mitigate negative externalities, yet questions remain about how to design these programs efficiently to achieve environmental objectives at the lowest possible cost. This paper evaluates the cost-effectiveness of alternative PES contract types and enrollment mechanisms in an agricultural water conservation program through a novel integration of stated preference methods and simulation modeling. Specifically, we implement a stated preference survey to elicit farmers' willingness-to-accept (WTA) for alternative water conservation contracts and combine these estimates with predicted environmental benefits to simulate program implementation across contract types and enrollment mechanisms for the universe of eligible fields. Results indicate that considering program benefits or costs (WTAs) in isolation leads to suboptimal design choices, highlighting the importance of ex-ante cost-effectiveness evaluations that integrate both dimensions. More broadly, our methods demonstrate how stated preference methods can be leveraged to inform the design of cost-effective PES programs. | |