Exploratory Analysis of Landowner Application Characteristics and Reverse Auctions in the Market Based Conservation Initiative
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2017-11-20
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Abstract
Exploratory Analysis of Landowner Application Characteristics and Reverse Auctions in the Market Based Conservation Initiative
By Jessica D. Perrin
Department of Forestry and Environmental Resources, North Carolina State University, Raleigh, NC
Abstract
New conservation programs are evolving to meet a growing need for the most efficient use
of funds while satisfying the needs of the participating landowner and the organization funding
the program. The Market Based Conservation Initiative is an eastern North Carolina pilot
conservation program using a reverse auction process to meet the needs of the military and
voluntary landowners. Regression models are used to explore whether characteristics listed in
the landowner applications have a significant effect on the annual contract bid amount per acre
and preferred contract length chosen by the landowner in the first bid round. Various statistical
methods are used in this study to explore the difference in selected annual contract bid amount
per acre and contract length between Phase 1: Bid Round 1 and Bid Round 2. This information
can be used to shape future conservation programs or to target viable landowners for existing
programs. Further exploration should delve into analyzing the effect of each significant
landowner application characteristic on the response variables- annual contract bid amount per
acre and contract length. Focus should also be placed on collecting more landowner data and
holding subsequent bid rounds if possible to provide additional insight.
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Keywords
reverse auction; market based conservation initiative, conservation contracts