THE WELFARE SENSITIVITY OF AGRI-ENVIRONMENTAL INSTRUMENTS

Most economic studies of pollution control analyze policies that are optimal for a given set of underlying parameters. Less understood is how such policies perform when the underlying parameters change and policies are not adjusted in response, or what the benefits of adjustment are. We construct several measures of welfare sensitivity and use them to analyze the welfare impacts arising in a simulation of second-best, agri-environmental policies.

MoreLess

Year of publication:	2001
Authors:	Horan, Richard D. ; Claassen, Roger ; Howe, Lance
Published in:	Journal of Agricultural and Resource Economics. - Western Agricultural Economics Association - WAEA. - Vol. 26.2001, 02
Publisher:	Western Agricultural Economics Association - WAEA
Subject:	Environmental Economics and Policy

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005805359