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The economics of a stock pollutant: Aldicarb on Long Island

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  • Jon Conrad
  • Lars Olson

Abstract

This paper develops a dynamic model of groundwater contamination by the pesticide aldicarb on eastern Long Island. We estimate what the likely concentration would have been under static profit maximization and the marginal damage coefficient implied by the New York State health standard of 7 ppb. Based on our model, it appears that the concentration of aldicarb will not decline below 7 ppb until 1996 and that the shadow price of the current health standard is about $475,000 per year. Copyright Kluwer Academic Publishers 1992

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  • Jon Conrad & Lars Olson, 1992. "The economics of a stock pollutant: Aldicarb on Long Island," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 2(3), pages 245-258, May.
    • Handle: RePEc:kap:enreec:v:2:y:1992:i:3:p:245-258
    DOI: 10.1007/BF00376199
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    2. Nkonya, Ephraim M. & Featherstone, Allen M., 2000. "Determining Socially Optimal Nitrogen Application Rates Using A Delayed Response Model: The Case Of Irrigated Corn In Western Kansas," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-15, December.
    3. Michael Toman & Karen Palmer, 1997. "How should an accumulative toxic substance be banned?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 9(1), pages 83-102, January.
    4. Knapp, Keith C. & Baerenklau, Kenneth A., 2006. "Ground Water Quantity and Quality Management: Agricultural Production and Aquifer Salinization over Long Time Scales," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(3), pages 1-26, December.
    5. Toman, Michael A. & Withagen, Cees, 2000. "Accumulative pollution, "clean technology," and policy design," Resource and Energy Economics, Elsevier, vol. 22(4), pages 367-384, October.
    6. Gopalakrishnan, Sathya & Liu, Hongxing, 2018. "Land-lake Dynamics: Are there Welfare Gains from Targeted Policies in a Heterogeneous Landscape," 2018 Annual Meeting, August 5-7, Washington, D.C. 274310, Agricultural and Applied Economics Association.
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    9. Poe, Gregory, 1997. ""Maximizing the Environmental Benefits per Dollar Expended" An Economic Interpretation and Review of Agricultural Environmental Benefits and Costs," EB Series 186405, Cornell University, Department of Applied Economics and Management.
    10. Easter, K. William & Yadav, Satya N., 1995. "OPTIMUM NITROGEN USE UNDER GROUNDWATER POLLUTION CONSTRAINTS; Proceedings of the 4th Minnesota Padova Conference on Food, Agriculture, and the Environment, September 4-10, 1994, Wayzata, MN," Working Papers 14474, University of Minnesota, Center for International Food and Agricultural Policy.
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