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Compliance Monitoring and Agri-Environmental Policy

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Author Info
Choe, C.
Fraser, I.

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Abstract

This paper uses an optimal contract approach to examine the issue of compliance monitoring in agri-environmental policy when the farmer is risk neutral and risk averse. The environmental agency chooses monitoring accuracy and payments for farmer's (non-)compliance. With a risk-neutral farmer, an optimal policy involves maximum allowable reward for compliance and maximum allowable penalty for non-compliance.

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Publisher Info
Paper provided by La Trobe - Department of Economics in its series Papers with number 97.08.

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Length: 22 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:latrob:97.08

Contact details of provider:
Postal: School of Economics and Commerce, La Trobe University, Bundoora, Victoria, Australia 3089.
Phone: (03) 9479 3012
Fax: (03) 9479 5971
Email:
Web page: http://www.latrobe.edu.au/business/
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Related research
Keywords: INFORMATION ENVIRONMENTAL MANAGEMENT

Find related papers by JEL classification:
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information
Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

Statistics
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This page was last updated on 2008-7-2.

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