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Voluntary Cost-Share Programs: Lessons from Economic Theory and Their Application to Rural Water Quality Programs AgEcon
Weersink, Alfons; McKitrick, Ross; Nailor, Mike.
Inducing farmers to adopt alternative, more environmentally friendly production practices has been attempted in a variety of ways ranging from moral suasion to direct regulation to economic instruments. Among the most common instruments are voluntary cost-share programs that involve taxpayers sharing in the cost of production practices that generate fewer pollutants. These programs increase the attractiveness of alternative practices to farmers because they either compensate the farmer for any loss in profits or they offset the capital costs of adopting the new technology. Voluntary cost-share programs are a common policy tool because of their political viability, but their effectiveness has been limited largely due to the blanket approach used to...
Tipo: Journal Article Palavras-chave: International Relations/Trade.
Ano: 2001 URL: http://purl.umn.edu/45694
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OPTIMAL COMPENSATION FOR ENDANGERED SPECIES PROTECTION UNDER ASYMMETRIC INFORMATION AgEcon
Huennemeyer, Anne-Juliane; McKitrick, Ross; Rollins, Kimberly S..
This paper argues that policies based on economic instruments are preferable to command and control approaches for effectively protecting biological diversity. This is due to sources of inefficiencies because of informational asymmetries between the regulator and private land users. We propose a principal agent framework to design optimally structured and performance based economic incentives for private land owners.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/21693
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Book reviews AgEcon
Ha, Arthur; Dyack, Brenda; Stoneham, Gary; Farquharson, Robert J.; Scarborough, Helen; Duke, Charlotte; Wheeler, Sarah Ann; Saunders, Caroline M.; Nicholls, Neville; Essex, Christopher; McKitrick, Ross.
Tipo: Article Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 2005 URL: http://purl.umn.edu/118506
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