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Workshop Content
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| Each day has been specifically tailored to support your understanding of Market Based Instruments in general, and the BushTender process in particular. |
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| Introduction to auctions and institutional design as well as an introduction to experimental economics and experience in running a double auction |
| 9.30 am – 10:30 am |
Registration |
| 10.30 am – 11.00 am |
Welcome
and Introduction: Gary Stoneham |
| 11.00 am – 12.00 pm |
Institutional
design – a theoretical perspective: Prof Peter Bardsley |
| 12.00 pm – 1.00 pm |
Lunch |
| 1.00 pm – 2.00 pm |
Institutional
design – the policy context: Gary Stoneham
and Prof Vivek Chaudri |
| 2.00 pm – 2.30 pm |
Introduction
to experimental economics: Dr Lata Gangadharan |
| 2.30 pm – 3.00 pm |
Afternoon tea |
| 3.00 pm – 5.00 pm |
Experimental
session 1 and discussion - a double auction: Dr Lata Gangadharan and Dr Nisvan Erkal |
| 5.00 pm - 6.00 pm |
Welcome cocktail party |
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| Laboratory sessions focus on when market instruments work, when they fail and how to fix them. A complete irrigation water allocation experiement will be run. Theoretical sessions will focus on information and its effects. |
| 9.00 am – 11.00 am |
Experimental session 2 and discussion - a lemons market: Dr Lata Gangadharan and Dr Nisvan Erkal |
| 11.00 am – 11.30
am |
Morning Tea |
| 11.30 am – 12.30
pm |
Institutional
Design – information effects: Prof Peter Bardsley |
| 12.30 pm – 1.30 pm |
Lunch |
| 1.30 pm – 4.00 pm |
Experimental session 3 and discussion – an auction market for irrigation water: Dr LataGangadharan and Dr Nisvan Erkal |
| 4.00 pm – 5.00
pm |
Institutional
Design – some auction theory: Prof Peter Bardsley
Design
Table |
| 6.00 pm |
Dinner at University Restaurant, Lygon Street (optional) |
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| An introduction to the science and science based tools required for conservation auction design and implementation - biophysical models, environmental scoring |
| 9.00 am – 9.30 am |
Introduction – Information
requirements for auctions of
conservation contracts |
| 9.30 am – 10.30
am |
Biodiversity
information revelation and assessment process |
| 10.30 am – 11.00
am |
Morning Tea |
| 11.00 am – 12.30
pm |
Catchment
Modelling Framework - integrating
spatial and temporal environmental information |
| 12.30 pm – 1.30
pm |
Lunch |
| 1.30 pm – 3.00
pm |
Scoring
multiple-outcomes
- applying spatial and temporal information
within a market mechanism |
| 3.00 pm – 3.30
pm |
Afternoon Tea |
| 3.30 pm – 5.30
pm |
Open forum – Q&A's,
issues for further discussion |
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| Field trip to view BushTender in action and a detailed walk through of one of the bush tender trials, using actual data, field manuals and checklist. |
| 8.30 am |
Leave Melbourne |
| 9.00 am – 10.30
am |
BushTender site assessment – Yarra Bend Park |
| 10.30 am – 11.00
am |
Travel back to Melbourne Business School |
| 11.00 am – 11.30
am |
Morning Tea |
| 11.30 am – 12.30
pm |
Management plans – bidding scenarios
Map
1, Map
2, Map
3 |
| 12.30 pm – 1.30
pm |
Lunch |
| 1:30 pm - 3:00 pm |
Bid evaluation and discussion |
| 3.00 pm – 3.30
pm |
Afternoon Tea |
| 3.30 pm – 4.30
pm |
BushTender
evaluation – landholders, site visits,
contacts etc. |
| 4:30 pm – 5:30 pm |
Discussion |
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| Focus on contract design, incentives, monitoring, enforcement and risk allocation. |
| 9.00 am – 10.30 am |
Institutional
Design – issues in contract design: Prof Peter Bardsley |
| 10.30 am – 11.00
am |
Morning Tea |
| 11.00 am – 12.00
pm |
Open
Forum - practical issues in MBI design and
implementation: Gary Stoneham |
| 12.00 pm – 12.30 pm |
Conclusion |
| 12:30 pm - 1:30 pm |
Lunch |
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