An Analysis of Policy Alternatives for Pivotal Externalities

This paper examines policy alternatives for pivotal externalities. A theoretical model of the welfare losses from non-optimal policies relative to the pareto optimum is examined. The magnitude of these costs are demonstrated with an example drawn from the agricultural drainage problem in California.


Issue Date:
Aug 04 1991
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/271265
Language:
English
Total Pages:
15




 Record created 2018-04-12, last modified 2018-04-12

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