Journal
FORESTS
Volume 12, Issue 5, Pages -Publisher
MDPI
DOI: 10.3390/f12050578
Keywords
payments for ecosystem services; reverse auctions; subscription games; market-based instruments
Categories
Funding
- Erasmus Mundus Joint Master Degree scholarship
- project NOBEL (Novel business models and mechanisms for the sustainable supply of and payment for forest ecosystem services)
- EU [773324]
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Auctions offer potential cost-effectiveness improvements for payments for ecosystem services contract allocation. Evidence-based guidance for matching design to application is scarce. Research findings suggest that auctions can be examined from perspectives such as mechanism design, PES, and policy analysis, with a focus on performance, information dynamics, design innovations, contextual variables, and participation factors. Additional attention from policymakers and coordinated research efforts in this interdisciplinary subfield may be beneficial.
Auctions offer potential cost-effectiveness improvements over other mechanisms for payments for ecosystem services (PES) contract allocation. However, evidence-based guidance for matching design to application is scarce and research priorities are unclear. To take stock of the current state of the art, we conducted a systematic review and thematic content analysis of 56 peer-reviewed journal articles discussing ES auctions published in the last decade. Auctions were approached from three overlapping perspectives: mechanism design, PES, and policy analysis. Five major themes emerged: (1) performance, including measures like cost-effectiveness and PES criteria like additionality; (2) information dynamics like price discovery and communication effects; (3) design innovations like risk-integrating and spatially coordinated mechanisms; (4) contextual variables like policy context and cultural values; and (5) participation factors. Additional attention from policymakers and continued efforts to coordinate research in this diverse and interdisciplinary subfield may be beneficial.
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