Optimal Design of a Voluntary Green Payment Program Under Asymmetric Information

Green payment programs, by which the government pays farmers directly for environmental benefits, have been proposed as an alternative to the current method of achieving environmental benefits by restricting farming practices in exchange for deficiency payments. This paper examines a green payment program applied to irrigated corn production in the Oklahoma Panhandle, where nitrogen fertilizer is a conjoint source of pollution.

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Year of publication:	1995-02
Authors:	Babcock, Bruce Alan ; Wu, JunJie
Institutions:	Center for Agricultural and Rural Development (CARD), Iowa State University

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Extent:	application/pdf text/html
Series:	Center for Agricultural and Rural Development (CARD) Publications.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005786203