Improving models of coordination incentives for biodiversity conservation by fitting a multi-agent simulation model to a lab experiment

Martin Drechsler

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2023, vol. 102, issue C

Abstract: Coordination incentives (CI) like the agglomeration bonus that reward the spatial agglomeration (or other spatial patterns) of biodiversity conservation measures are gaining increasing attention. Experiments on CI, accompanied by statistical analyses, reveal insights into the behaviour of human subjects. However, the scope of statistical models is limited and one may, as in other sciences like physics or ecology, gain additional insights by fitting mechanistic process models to the experimental data. I present the first application of this type in the context of CI and fit a multi-agent simulation model to a seminal experiment on the agglomeration bonus. Comparing two basic approaches for the decision making of the model agents, reinforcement learning and using expectations about the future, reveals that the latter is much better able to replicate the observations of the experiment. Improved models of agent behaviour are indispensable in the model-based assessment of CI for the conservation of biodiversity.

Keywords: Agent-based model; Agglomeration bonus; Biodiversity conservation; Coordination incentives; Inverse modelling; (land use); Pattern-oriented modelling (search for similar items in EconPapers)
JEL-codes: C6 C9 Q24 Q28 Q57 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:102:y:2023:i:c:s2214804322001379

DOI: 10.1016/j.socec.2022.101967

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