Transaction Costs of Policies to Reduce Agricultural Phosphorous Pollution in the Minnesota River
AbstractThis study measured the magnitude of transaction costs associated with policies to reduce agricultural nonpoint source pollution. Interviews with staff from governmental agencies were conducted to estimate transaction costs associated with four policies to reduce agricultural phosphorous pollution in the Minnesota River. The tax on phosphate fertilizers had the lowest transaction costs ($0.94 million), followed by educational programs on best management practices ($3.11 million), the requirement for conservation tillage on all cropped land ($7.85 million), and expansion of a permanent conservation easement program ($9.37 million). Taxes, thus, may have advantages with respect to transaction costs and abatement costs.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 75 (1999)
Issue (Month): 3 ()
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Web page: http://le.uwpress.org/
Find related papers by JEL classification:
- Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
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RePEc Biblio mentionsAs found on the RePEc Biblio, the curated bibliography for Economics:
- > Environmental and Natural Resource Economics > Environmental Economics > Economics of eutrophication
- Aftab, Ashar & Hanley, Nick & Baiocchi, Giovanni, 2010.
"Integrated regulation of nonpoint pollution: Combining managerial controls and economic instruments under multiple environmental targets,"
Elsevier, vol. 70(1), pages 24-33, November.
- Ashar Aftab & Giovanni Baiocchi & Nick Hanley, 2009. "Integrated Regulation of Nonpoint Pollution: Combining Managerial Controls and Economic Instruments under Multiple Environmental Targets," Working Papers 2009_03, Durham University Business School.
- Ornella Boutry, 2010. "A New Institutional Approach of Resource Use Conflicts: The Case of Poitou-Charentes," Post-Print hal-00655829, HAL.
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- Horan, Richard D. & Claassen, Roger & Howe, Lance, 2001. "The Welfare Sensitivity Of Agri-Environmental Instruments," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(02), December.
- Nguyen, Nga & Shortle, James S., 2006. "Transactions Costs and Point-Nonpoint Source Water Pollution Trading," 2006 Annual meeting, July 23-26, Long Beach, CA 21096, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Nick Hanley & Simanti Banerjee & Gareth D. Lennox & Paul R. Armsworth, 2012.
"How should we incentivize private landowners to ‘produce’ more biodiversity?,"
Oxford Review of Economic Policy,
Oxford University Press, vol. 28(1), pages 93-113, Spring.
- Armsworth, Paul R & Banerjee, Simanti & Hanley, Nicholas & Lennox, Gareth D, 2012. "How should we incentivize private landowners to "produce" more biodive rsity?," Stirling Economics Discussion Papers 2012-02, University of Stirling, Division of Economics.
- Athanasios Kampas & Ben White, 2004. "Administrative Costs and Instrument Choice for Stochastic Non-point Source Pollutants," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 27(2), pages 109-133, February.
- Elbakidze, Levan & McCarl, Bruce A., 2007. "Sequestration offsets versus direct emission reductions: Consideration of environmental co-effects," Ecological Economics, Elsevier, vol. 60(3), pages 564-571, January.
- Kampas, Athanasios, 2001. "Identifying Common Fallacies in the Choice of Environmental Taxes for Agricultural Pollution Control: The Absence of Transaction Costs and the Normality of Agricultural Pollutants," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 2(2), August.
- McCann, Laura M.J. & Easter, K. William, 2000. "Estimates Of Public Sector Transaction Costs In Nrcs Programs," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(03), December.
- Nguyen, N.P. & Shortle, J.S. & Reed, P.M. & Nguyen, T.T., 2013. "Water quality trading with asymmetric information, uncertainty and transaction costs: A stochastic agent-based simulation," Resource and Energy Economics, Elsevier, vol. 35(1), pages 60-90.
- Gordon, Simon, 2003. "Economic Instruments For Nonpoint Source Water Pollution: Options For The Swan-Canning River System," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57873, Australian Agricultural and Resource Economics Society.
- Westra, John V., 2003. "Effects On Farm Income And The Environment From Targeting Agricultural Best Management Practices (Bmps)," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35191, Southern Agricultural Economics Association.
- Scharin, Henrik, 2004. "Management of eutrophicated coastal zones," Department of Economics publications 717, Swedish University of Agricultural Sciences, Department of Economics.
- Sauer, Johannes & Walsh, John, 2011. "ESS versus NVZ – The Cost-Effectiveness of Command-and-Control versus Agreement Based Policy Instruments," 85th Annual Conference, April 18-20, 2011, Warwick University, Coventry, UK 108963, Agricultural Economics Society.
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