| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Hidden action, risk aversion and variable fines in agri-environmental schemes
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| Autores: |
Ozanne, Adam
White, Benedict
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| Data: |
2011-12-02
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| Ano: |
2008
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| Palavras-chave: |
Agri-environmental policy
Monitoring
Risk aversion
Environmental Economics and Policy
Risk and Uncertainty
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| Resumo: |
This note analyses the design of agri-environmental schemes for risk-averse producers whose input usage is only observable by costly monitoring. The scheme penalises producers in proportion to input use in excess of a quota. A striking result is that if the scheme is designed in such a way that producers always comply with the quota, risk aversion is not relevant in determining the level of input use.
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| Tipo: |
Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/118539
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| Relação: |
Australian Journal of Agricultural and Resource Economics>Volume 52, Issue 2, June 2008
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| Formato: |
10
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