IDEAS home Printed from https://ideas.repec.org/a/ags/agreko/267845.html
   My bibliography  Save this article

Marketable Pollution Risk: A Potential Policy For Agriculture

Author

Listed:
  • Aihoon, J. Kojo
  • Groenewald, Jan A.
  • Sartorius von Bach, Helmke J.

Abstract

Pollution reduces society's welfare, and efforts to minimise it may be costly. The "polluter pays" principle can be used to determine optimum levels where marginal gains of abatement equal marginal cost. It is possible to involve insurance for this purpose; there are reasons to expect pollution insurance to be more efficient than most other proposals. However, compulsion is needed for such a market to develop, and to forestall non-insurance and default by polluters.

Suggested Citation

  • Aihoon, J. Kojo & Groenewald, Jan A. & Sartorius von Bach, Helmke J., 1995. "Marketable Pollution Risk: A Potential Policy For Agriculture," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 34(4), December.
    • Handle: RePEc:ags:agreko:267845
    DOI: 10.22004/ag.econ.267845
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/267845/files/16-Aihoon.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/267845/files/16-Aihoon.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.267845?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dockel, J. A., 1971. "Macro Resource Planning and adjustment," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 10(1), January.
    2. Dinar, Ariel & Knapp, Keith C. & Letey, J., 1989. "Irrigation water pricing policies to reduce and finance subsurface drainage disposal," Agricultural Water Management, Elsevier, vol. 16(1-2), pages 155-171, August.
    3. Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kotchen, Matthew J. & Salant, Stephen W., 2011. "A free lunch in the commons," Journal of Environmental Economics and Management, Elsevier, vol. 61(3), pages 245-253, May.
    2. Frans P. Vries & Nick Hanley, 2016. "Incentive-Based Policy Design for Pollution Control and Biodiversity Conservation: A Review," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(4), pages 687-702, April.
    3. Yu-Bong Lai, 2004. "Trade liberalization, consumption externalities and the environment," Economics Bulletin, AccessEcon, vol. 17(5), pages 1-9.
    4. Ni, Jinlan & Wei, Chu & Du, Limin, 2015. "Revealing the political decision toward Chinese carbon abatement: Based on equity and efficiency criteria," Energy Economics, Elsevier, vol. 51(C), pages 609-621.
    5. Giancarlo Giudici & Massimiliano Guerini & Cristina Rossi-Lamastra, 2019. "The creation of cleantech startups at the local level: the role of knowledge availability and environmental awareness," Small Business Economics, Springer, vol. 52(4), pages 815-830, April.
    6. Grüll, Georg & Taschini, Luca, 2011. "Cap-and-trade properties under different hybrid scheme designs," Journal of Environmental Economics and Management, Elsevier, vol. 61(1), pages 107-118, January.
    7. Na Li Dawson & Kathleen Segerson, 2008. "Voluntary Agreements with Industries: Participation Incentives with Industry-Wide Targets," Land Economics, University of Wisconsin Press, vol. 84(1), pages 97-114.
    8. Sam Fankhauser & Cameron Hepburn, 2009. "Carbon markets in space and time," GRI Working Papers 3, Grantham Research Institute on Climate Change and the Environment.
    9. Ehigiamusoe, Kizito Uyi & Lean, Hooi Hooi & Smyth, Russell, 2020. "The moderating role of energy consumption in the carbon emissions-income nexus in middle-income countries," Applied Energy, Elsevier, vol. 261(C).
    10. Joseph E. Aldy & William A. Pizer, 2009. "Issues in Designing U.S. Climate Change Policy," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 179-210.
    11. Thomas Akpan Harry & Ekemini John Peter & Nsidibe Akpan Udoduk, 2022. "Environmental Impact Assessment Of Oil Producing Communities In Part Of The Niger Delta. A Case Study Of Ibeno, Ikot Abasi, Onna And Esit-Eket Local Government Area In Akwa Ibom State, Nigeria," Environmental Contaminants Reviews (ECR), Zibeline International Publishing, vol. 5(2), pages 49-56, April.
    12. Stavins, Robert, 2001. "Lessons From the American Experiment With Market-Based Environmental Policies," RFF Working Paper Series dp-01-53, Resources for the Future.
    13. Wu, JunJie & Zilberman, David & Babcock, Bruce A., 2001. "Environmental and Distributional Impacts of Conservation Targeting Strategies," Journal of Environmental Economics and Management, Elsevier, vol. 41(3), pages 333-350, May.
    14. Boisvert, Richard N. & Peterson, Jeffrey M., 1996. "Conditions for Requiring Separate Green Payments Policies Under Asymmetric Information," Working Papers 127934, Cornell University, Department of Applied Economics and Management.
    15. Janusch, Nicholas, 2016. "A note on the distortionary effects of revenue-neutral tolls in a bottleneck congestion game," Transportation Research Part A: Policy and Practice, Elsevier, vol. 92(C), pages 95-103.
    16. Berta, Nathalie, 2015. "Prix versus quantités : les contorsions du marché du carbone européen," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 18.
    17. Managi, Shunsuke & Opaluch, James J. & Jin, Di & Grigalunas, Thomas A., 2006. "Stochastic frontier analysis of total factor productivity in the offshore oil and gas industry," Ecological Economics, Elsevier, vol. 60(1), pages 204-215, November.
    18. Jeffrey P. Cohen & Cletus C. Coughlin, 2003. "Congestion at airports: the economics of airport expansions," Review, Federal Reserve Bank of St. Louis, vol. 85(May), pages 9-26.
    19. Palmer, Karen & Paul, Anthony, 2015. "A Primer on Comprehensive Policy Options for States to Comply with the Clean Power Plan," RFF Working Paper Series dp-15-15, Resources for the Future.
    20. Nathalie Berta, 2016. "On the definition of externality as a missing market," Post-Print halshs-01277990, HAL.

    More about this item

    Keywords

    Agricultural and Food Policy; Marketing;

    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:ags:agreko:267845. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aeasaea.html .

    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.