The Queensland Department of Natural Resources and Mines (NR&M) is currently running the Vegetation Incentives Program (VIP), which pays landholders to protect and manage nonremnant vegetation on their properties. The program is using an auction mechanism to allocate the funding. Observing the...

Auctions for conservation contracts are experiencing great popularity in Australia due to their perceived cost effectiveness. However, there is still much to be learned about this economic instrument. Queensland's state government recently decided to use an auction mechanism to allocate a $12...