To Bid or Not to Bid: The Role of Participation Rates in Conservation Auction Outcomes
研究了切萨皮克湾蓝蟹渔业许可证回购中，参与决策如何影响保护拍卖结果，发现最低接受意愿者参与率低于预期，表明拍卖设计需考虑经济激励与保护目标的一致性。
In this article, I jointly analyze stated willingness to accept values with revealed auction bids from fishing license buybacks in the Chesapeake Bay blue crab fishery in order to better understand the link between participation decisions and conservation outcomes. In contrast with theoretical expectations, I find individuals with the lowest willingness to accept participated in these reverse auctions at lower rates than other eligible individuals, all else being equal. This suggests that who bids in an auction plays an important role in the success of conservation outcomes. These results indicate that market design should expand to consider how, and whether, the economic incentives underlying auction participation align with desired conservation outcomes, both within fisheries and in natural resource management more broadly.