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| Hrubovcak, James; Vasavada, Utpal; Aldy, Joseph E.. |
| For U.S. agriculture to continue along a sustainable path of economic development, further production increases must be generated by technologies that are both profitable and more environmentally benign. In this context, we assess the role of these green or sustainable technologies in steering agriculture along a more sustainable path. However, the lack of markets for the environmental attributes associated with green technologies can limit their development. In addition, simply making a technology available does not mean it will be adopted. Experience with green technologies such as conservation tillage, integrated pest management, enhanced nutrient management, and precision agriculture demonstrates that even when technologies are profitable, barriers to... |
| Tipo: Report |
Palavras-chave: Sustainable agriculture; Natural capital; Nonrenewable resources; Renewable resources; Environmental services; Green technology; Integrated pest management; Conservation tillage; Enhanced nutrient management; Precision agriculture; Environmental Economics and Policy; Farm Management. |
| Ano: 1999 |
URL: http://purl.umn.edu/33721 |
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| Fisher, Anthony C.; Karp, Larry S.. |
| If average costs in a nonrenewable resource industry are U-shaped, a competitive equilibrium may not be optimal and, indeed, may not exist. Although the differential equation that describes the change in the rate of extraction is the same for planner and firm, the boundary conditions obtained from the transversality conditions for the respective problems (for planner and firm) will not, in general, be the same. If costs are convex, or if there exists a backstop technology which can produce the resource services at sufficiently low cost, the boundary conditions are, however, the same. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Nonrenewable resources; Competitive equilibrium; Welfare optimum; Transversality conditions; Resource /Energy Economics and Policy. |
| Ano: 1989 |
URL: http://purl.umn.edu/6190 |
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