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Resource Degradation On Agricultural Land: Information Problems, Market Failures And Government Intervention

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  • Wills, Ian R.

Abstract

Information problems impede private contracting for the supply of many natural resource services. They are also likely to prevent the government identifying and achieving optimum levels of natural resource degradation on agricultural land. In particular, the distributional impacts of government intervention create incentives for strategic distortions of information by interested parties. Resource conservation measures which impose costs on beneficiaries, and which provide positive incentives for farmers to monitor resource degradation, may be superior because they reduce information problems.

Suggested Citation

  • Wills, Ian R., 1987. "Resource Degradation On Agricultural Land: Information Problems, Market Failures And Government Intervention," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(01), pages 1-11, April.
    • Handle: RePEc:ags:ajaeau:22579
    DOI: 10.22004/ag.econ.22579
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    References listed on IDEAS

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    1. Jack L. Knetsch & J. A. Sinden, 1984. "Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(3), pages 507-521.
    2. Daniel W. Bromley, 1982. "Land and Water Problems: An Institutional Perspective," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(5), pages 834-844.
    3. Chisholm, Anthony H. & Walsh, Cliff & Brennan, Geoffrey, 1974. "Pollution And Resource Allocation," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(01), pages 1-21, April.
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    1. Rose, Roger & Cox, Anthony, 1991. "Australia's natural resources: optimising present and future use," Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Archive 316171, Australian Government, Australian Bureau of Agricultural and Resource Economics and Sciences.
    2. Sinden, Jack A., 2003. "Who Pays to Protect Native Vegetation? Costs to Farmers in Moree Plains Shire, New South Wales," Working Papers 12951, University of New England, School of Economics.
    3. Jeff Bennett, 2005. "Australasian environmental economics: contributions, conflicts and ‘cop‐outs’," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(3), pages 243-261, September.

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