About the event
Abstract
Payments for ecosystem services (and conditional cash transfers more broadly) can align incentives in a flexible manner to increase targeted outcomes. However, incomplete markets like financial or informational frictions, or weak institutions which reduce trust in these programs can reduce compliance and therefore program efficacy. We use a randomized controlled trial to test the efficacy of cash transfers on reducing agricultural residue burning, which causes enormous health externalities due to air pollution. To mitigate these frictions, we randomize paying a portion of the cash transfer up-front (unconditionally). Despite lower marginal payments for compliance, farmers in upfront payment programs reduce burning by over 10 percentage points, while those in the standard PES program show much smaller reductions in burning.
Please check back closer to the event for more details.
- The online seminars are held on Zoom and last 75 minutes; 60 minutes are allocated to the seminar and 15 minutes for discussion
- The online seminars are held on Zoom and last 60 minutes including discussion.
- The link to each seminar will appear above prior to the start time. Please email h.ku@ucl.ac.uk si.xu.20@ucl.ac.uk if you have not received the password by the day of the seminar.
- The moderator will collect audience questions in chat or using the 'raise hand' function, but feel free to interrupt the presenter for short questions or clarifications.
- Please keep your camera on and your microphone off except when asking questions.
- CReAM Office
Department of Economics
University College London
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cream@ucl.ac.uk
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