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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 |
