IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v32y2000i02p221-234_02.html
   My bibliography  Save this article

Incentive-Based Solutions to Agricultural Environmental Problems: Recent Developments in Theory and Practice

Author

Listed:
  • Randall, Alan
  • Taylor, Michael A.

Abstract

Theory predicts that incentive-based regulatory instruments reduce compliance costs by encouraging efficient resource allocation and innovation in environmental technology. Cost reductions from pollution permit trading often have exceeded expectations, but the devil is in the details: the rules matter. In recent years, IB instruments of many kinds, from permit trading to various informal voluntary agreements, have been introduced in many countries. Point-nonpoint trading programs have been established in the U.S., but recorded trades have been rare. We speculate about prospects for performance-based monitoring of agricultural nonpoint pollution which, we believe, would encourage trading to the benefit of farmers and society.

Suggested Citation

  • Randall, Alan & Taylor, Michael A., 2000. "Incentive-Based Solutions to Agricultural Environmental Problems: Recent Developments in Theory and Practice," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(2), pages 221-234, August.
    • Handle: RePEc:cup:jagaec:v:32:y:2000:i:02:p:221-234_02
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1074070800020319/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thomas Spencer & Tihomir Ancev & Jeff Connor, 2009. "Improving Cost Effectiveness of Irrigation Zoning for Salinity Mitigation by Introducing Offsets," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 23(10), pages 2085-2100, August.
    2. Woodward, Richard T., 2001. "The Environmentally Optimal Trading Ratio," 2001 Annual meeting, August 5-8, Chicago, IL 20491, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. 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.
    4. Nieuwoudt, W. Lieb, 2008. "Environmental offsets and other market approaches with specific reference to the Olifants River (East) and Berg River," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 47(4), pages 1-23, December.
    5. Murtough, Greg & Aretino, Barbara & Matysek, Anna, 2002. "Creating Markets for Ecosystem Services," Staff Research Papers 31912, Productivity Commission.
    6. Catharina Druckenbrod & Volker Beckmann, 2018. "Production-Integrated Compensation in Environmental Offsets—A Review of a German Offset Practice," Sustainability, MDPI, vol. 10(11), pages 1-22, November.
    7. Greenhalgh, Suzie, 2008. "Bundled Ecosystem Markets – Are They The Future?," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6166, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Stephenson, Kurt & Bosch, Darrell J., 2003. "Nonpoint Source And Carbon Sequestration Credit Trading: What Can The Two Learn From Each Other?," 2003 Annual meeting, July 27-30, Montreal, Canada 22229, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Spencer, Thomas & Ancev, Tihomir, 2006. "Offsetting with Salinity Credits: An Alternative to Irrigation Zoning," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25517, International Association of Agricultural Economists.
    10. Huber, Matthew C. & Willis, David B. & Hayes, John C. & Privette, Charles V., III, 2010. "Price Endogeneity and Marginal Cost Effects on Incentive Compatible Stormwater Management Policies," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61859, Agricultural and Applied Economics Association.
    11. Melstrom, Richard T. & Malone, Trey, 2023. "Voter evaluations regarding the tradeoffs between agricultural production and water quality in Lake Erie," Agricultural Water Management, Elsevier, vol. 287(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:32:y:2000:i:02:p:221-234_02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.