Kling, Catherine Louise; Feng, Hongli; Kurkalova, Lyubov A. - Center for Agricultural and Rural Development (CARD), … - 2003
In this paper, we examine command-and-control (CAC) policies and market-based instruments (MBI) in the context of the Conservation Reserve Program (CRP). The CRP, an MBI in the form of subsidies, is by far the largest agro-environmental policy implemented to date. We compare the environmental...