{"id":1930,"date":"2026-05-14T19:19:58","date_gmt":"2026-05-14T19:19:58","guid":{"rendered":"https:\/\/qsms.bme.hu\/?p=1930"},"modified":"2026-05-14T19:19:58","modified_gmt":"2026-05-14T19:19:58","slug":"may-22-christopher-stapenhurst-qsms-seminar","status":"publish","type":"post","link":"https:\/\/qsms.bme.hu\/index.php\/2026\/05\/14\/may-22-christopher-stapenhurst-qsms-seminar\/","title":{"rendered":"May 22: Christopher Stapenhurst (QSMS Seminar)"},"content":{"rendered":"\n<p>Christopher Stapenhurst (Brandenburg University of Technology) will present <em>&#8220;Relative Performance Payments: Improving Result-Based Compensation for Biodiversity Conservation&#8221;<\/em> on May 22nd, 2026, at 10:30 AM, in room QA323.<\/p>\n\n\n\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>Result-based compensation for biodiversity conservation attracts owners of ecologically valuable sites and incentivizes innovation in conservation approaches, but exposes landholders to risk: stochastic events such as extreme weather can prevent species occurrence. Compensating landholders for this risk to secure their participation is costly. We propose relative performance schemes as a novel instrument for reducing these risks. These schemes supplement a standard result-based payment (tied to own-site biodiversity) with a component rewarding performance relative to the regional average. This structure provides insurance: when a common shock depresses biodiversity across the whole region, a landholder&#8217;s relative performance is preserved even as absolute outcomes fall, so the relative-payment component compensates for lost result-based income. Relative performance schemes thus hedge common risks while preserving marginal incentives for conservation effort.<\/p>\n\n\n\n<p>Using a contract theory model with heterogeneous landholders and general biodiversity correlation structures, we characterize optimal relative performance schemes and compare them against a simple result-based benchmark. We calibrate our model using climate and management cost data to derive the optimal scheme for 5 bird species in the Aller floodplain in Lower Saxony, and study its sensitivity to model misspecification.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Christopher Stapenhurst (Brandenburg University of Technology) will present &#8220;Relative Performance Payments: Improving Result-Based Compensation for Biodiversity Conservation&#8221; on May 22nd, 2026, at 10:30 AM, in room QA323. Abstract: Result-based compensation for biodiversity conservation attracts owners of ecologically valuable sites and incentivizes innovation in conservation approaches, but exposes landholders to risk: stochastic events such as extreme &hellip; <a href=\"https:\/\/qsms.bme.hu\/index.php\/2026\/05\/14\/may-22-christopher-stapenhurst-qsms-seminar\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;May 22: Christopher Stapenhurst (QSMS Seminar)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,4,17],"tags":[],"class_list":["post-1930","post","type-post","status-publish","format-standard","hentry","category-event","category-news","category-seminar"],"_links":{"self":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/comments?post=1930"}],"version-history":[{"count":1,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1930\/revisions"}],"predecessor-version":[{"id":1931,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1930\/revisions\/1931"}],"wp:attachment":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/media?parent=1930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/categories?post=1930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/tags?post=1930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}