Prevention versus Treatment under Precautionary Regulation: A Case Study of Groundwater Contamination under Uncertainty
| Autor: | Erik Lichtenberg, Tony Penn |
|---|---|
| Rok vydání: | 2003 |
| Předmět: |
Marginal cost
Economics and Econometrics Groundwater contamination Natural resource economics business.industry Agricultural pollution Environmental resource management Environmental Economics and Policy Agricultural and Biological Sciences (miscellaneous) Groundwater pollution Pollution prevention Environmental science Post treatment business Water pollution Nonpoint source pollution |
| Zdroj: | American Journal of Agricultural Economics. 85(1):44-58 |
| DOI: | 10.1111/1467-8276.t01-2-00102 |
| Popis: | Policy discussions on agricultural pollution problems characterize prevention as more cost effective and precautionary than ex post treatment. We derive conditions under which treatment alone is more cost effective in situations involving multiple sources of emissions, multiple sites affected, and a commonly used precautionary approach to uncertainty. We also show that a greater degree of precaution can result in less reliance on prevention. An empirical case study indicates that treatment alone is the most cost-effective means of dealing with nitrate in most Maryland community water system wells. The use of leaching prevention measures is restricted to the most intensive poultry producing areas. The incremental cost of precaution is substantial. Copyright 2003, Oxford University Press. |
| Databáze: | OpenAIRE |
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