Economics of new technologies for sustainable agriculture
AbstractSustainable agriculture is prescribed as a policy approach that maximizes economic benefits while maintaining environmental quality. It is argued that this approach is human capital-intensive and encourages new scientific developments. To attain sustainability, economic incentives for the development and adoption of precision technologies (with minimal residues that cause environmental damage) have to be developed. Taxation and tradeable permits are desirable policies to attain first-best solutions; however, when heterogeneity and lack-of-information problems are significant, alternative institutions have to be developed. The paper presents and discusses such institutions.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural and Resource Economics.
Volume (Year): 41 (1997)
Issue (Month): 1 (March)
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- Farhed Shah & David Zilberman & Erik Lichtenberg, 1995. "Optimal combination of pollution prevention and abatement policies: The case of agricultural drainage," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(1), pages 29-49, January.
- Rigby, D. & Caceres, D., 2001. "Organic farming and the sustainability of agricultural systems," Agricultural Systems, Elsevier, vol. 68(1), pages 21-40, April.
- Alfons Weersink & John R. Livernois & Jason F. Shogren & James S. Shortle, 1998. "Economic Instruments and Environmental Policy in Agriculture," Canadian Public Policy, University of Toronto Press, vol. 24(3), pages 309-327, September.
- Raina, Rajeswari S., 2003. "Disciplines, institutions and organizations: impact assessments in context," Agricultural Systems, Elsevier, vol. 78(2), pages 185-211, November.
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