Implications of the Air Compliance Agreement for Livestock Producers
Nutrient management and air emissions continue to be an area of increased management control on all livestock operations as environmental regulations become more stringent. Agricultural producers must consider uncertainty surrounding the timing of and potential increases of environmental policy controls, such as emission taxes, when making future investment decisions. An optimal control theory framework was applied to a dairy farm facing an uncertain increase in emission taxes and an unknown date at which emission taxes will take effect. The optimal investment path considering these uncertainties was solved implicitly and compared to a full certainty case.
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- Farzin, Y H & Kort, P M, 2000.
" Pollution Abatement Investment When Environmental Regulation Is Uncertain,"
Journal of Public Economic Theory,
Association for Public Economic Theory, vol. 2(2), pages 183-212.
- Kort, P.M. & Farzin, Y.H., 2000. "Pollution abatement investment when environmental regulation is uncertain," Other publications TiSEM 90e78d8b-95d9-4d17-9d0f-4, Tilburg University, School of Economics and Management.
- Richard Hartl & Peter Kort, 1996. "Capital accumulation of a firm facing an emissions tax," Journal of Economics, Springer, vol. 63(1), pages 1-23, February.
- Hartl, R.F. & Kort, P.M., 1995. "Capital Accumulation of a Firm Facing an Emissions Tax," Papers 9578, Tilburg - Center for Economic Research.
- Hartl, R.F. & Kort, P.M., 1995. "Capital accumulation of a firm facing an emissions tax," Discussion Paper 1995-78, Tilburg University, Center for Economic Research.
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