We analyse optimal phosphorus fertilisation and erosion control policies in a spatial, dynamic, steady-state framework. First-best instruments to incentivise farmers to undertake socially optimal choices are analysed both analytically and empirically. An empirical illustration is presented for a...

1. Introduction -- 2. Co-Evolution of Agriculture and the Environment from the Beginning to the Present -- 3. Agricultural Land Use, Production, and Water Quality -- 4. Decision Making at the Farm Level -- 5. Environmental Policy Instruments for Agriculture -- 6. Water Quality Trading -- 7....

Water pollution control has been a top environmental policy priority of the world’s most developed countries for decades, and the focus of significant regulation and public and private spending. Yet, significant water quality problems remain, and trends for some pollutants are in the wrong...