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| Walls, Margaret. |
| Solid waste management services are contracted out to private firms in many U.S. communities. Household waste collection, transport, and disposal are relatively straightforward services to define within the terms of a contract. The addition of recycling, however, significantly complicates matters. How should contracts be structured to provide incentives for recycling? Who should own key facilities, such as recyclable materials processing facilities? Should a separate contract for processing and sale of materials be used, or should these services be provided by government employees or purely private markets? These questions are addressed in this study using the principal-agent framework and the theory of incomplete contracts in economics. I explain stylized... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Incentive contracts; Asset specificity; Principal-agent models; Waste collection; Recycling; Environmental Economics and Policy; L33; L14; Q2. |
| Ano: 2003 |
URL: http://purl.umn.edu/10707 |
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| Romstad, Eirik. |
| The ongoing negotiations of the World Trade Organization (WTO) on agriculture has triggered an increased interest in the linkages between commodity production and public goods in agriculture. This paper takes a closer look at this issue. Particular emphasis is placed on production economics and policy design issues. Production is placed in a multi-product multi-input setting. The provision of public goods from agriculture is analyzed utilizing a principle-agent framework. Particular emphasis is placed on issues pertaining to incentive compatibility, informational aspects and the participation constraint. Public finance aspects of various policies are also addressed. Price supports are of particular interest as they are widely used in European... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Multi-product production; Public goods; Agriculture; Principal-agent models; Resource allocation; Policy; Agricultural and Food Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/24930 |
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