The Welfare Sensitivity of Agri-Environmental Instruments

Autor: Richard D. Horan, Roger Claassen, Lance Howe
Jazyk: angličtina
Rok vydání: 2001
Předmět:
Zdroj: Journal of Agricultural and Resource Economics, Vol 26, Iss 2, Pp 368-386 (2001)
Druh dokumentu: article
ISSN: 1068-5502
2327-8285
DOI: 10.22004/ag.econ.31041
Popis: 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.
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