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The Economics of Efficient Phosphorus Abatement in a Watershed

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  • Ancev, Tihomir
  • Stoecker, Arthur L.
  • Storm, Daniel E.
  • White, Michael J.

Abstract

This study presents a method to determine efficient environmental targets at a watershed level. Efficient targets are devised by estimating abatement cost and cost of environmental damages and minimizing their sum. The method was applied to a case study of phosphorus pollution in a watershed in Oklahoma. Several cumulative scenarios with alternative abatement options were simulated and efficient targets were determined. As the number of abatement options at disposal to agricultural sources increased, their optimal abatement expanded relative to the abatement at the point source. Efficient targets were found to be dependent on the choice of policy that stimulates abatement.

Suggested Citation

  • Ancev, Tihomir & Stoecker, Arthur L. & Storm, Daniel E. & White, Michael J., 2006. "The Economics of Efficient Phosphorus Abatement in a Watershed," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(3), pages 1-20, December.
    • Handle: RePEc:ags:jlaare:8635
    DOI: 10.22004/ag.econ.8635
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    1. Liu, Tingting & Merrill, Nathaniel H. & Gold, Arthur J. & Kellogg, Dorothy Q. & Uchida, Emi, 2013. "Modeling the Production of Multiple Ecosystem Services from Agricultural and Forest Landscapes in Rhode Island," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 42(1), pages 1-24, April.
    2. Madhu Khanna & Ruiqing Miao, 2022. "Inducing the adoption of emerging technologies for sustainable intensification of food and renewable energy production: insights from applied economics," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(1), pages 1-23, January.
    3. Vollaro, Michele & Galioto, Francesco & Viaggi, Davide, 2017. "The circular economy and agriculture: new opportunities for re-using Phosphorus as fertilizer," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 5(3), February.

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