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| Sauer, Johannes; Walsh, John. |
| The overall aim of this study is to empirically investigate the cost structure of a management agreement type agri-environmental instrument and to identify factors for cost variation over space and time. We control for the actual level of compliance by using compliance weighted average scheme cost ratios. Beside technological and economic performance measures, we also incorporate risk proxies. In addition, we consider unobserved heterogeneity or path dependency with respect to unknown administrative, spatial and farm specific factors. Hence, we try to disentangle random and fixed scheme cost effects by applying a bootstrapped mixed-effects regression approach using the empirical case of the Environmental Stewardship Scheme in the UK. Regional and sectoral... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Ecosystem Services; Scheme Cost; Risk; Mixed-Effects Regression; Agricultural and Food Policy; Q18; Q57; Q58. |
| Ano: 2010 |
URL: http://purl.umn.edu/91731 |
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| Sauer, Johannes; Walsh, John. |
| This study empirically investigates the cost-effectiveness of different agri-environmental policy instruments. We compare the Environment Stewardship Scheme (ESS) as an example for a management agreement type instrument, to the Nitrate Vulnerable Zones (NVZ) as an example for a command-and-control type instrument. Both instruments are currently applied in the UK. Based on a simple cost model considering also relevant transaction costs and risk we use different regression and resampling techniques to estimate the marginal effects of different factors with respect to the instruments‟ relative cost-effectiveness and to identify factors for cost variation over space and time. We control for the actual level of compliance by using compliance weighted average... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agri-Environmental Instruments; Costs; Risk; Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/108963 |
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