Comparing a best management practice scorecard with an auction metric to select proposals in a water quality tender

John Rolfe and Jill Windle

No 94939, Research Reports from Australian National University, Environmental Economics Research Hub

Abstract: This report compares evaluation frameworks for selecting landholder proposals to improve water quality. A water quality tender performed in the Burdekin region in Northern Australia in 2007/2008 was used as a case study. Tender bids can be assessed using an inputs-based best management practice scorecard or an outputs-based auction metric. Where landholder proposals are rated by inputs-based criteria, the scorecard approach, and other variants of multi-criteria analysis are commonly applied. Output-based approaches are typically applied in water quality and conservation tenders. This approach uses an environmental benefits index to summarise the cost-effectiveness of each proposal. The case study evaluation reported in this paper shows how multi-criteria analysis-type assessments are flawed. It demonstrates how public funding efficiency can be more than doubled by using auction metrics to assess landholder water quality improvement proposals.

Keywords: Environmental Economics and Policy; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 23
Date: 2009-12
New Economics Papers: this item is included in nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eerhrr:94939

DOI: 10.22004/ag.econ.94939

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