THE WELFARE SENSITIVITY OF AGRI-ENVIRONMENTAL INSTRUMENTS

Most economic studies of pollution control analyze policies that are optimal for a given set of underlying parameters. Less understood is how such policies perform when the underlying parameters change and policies are not adjusted in response, or what the benefits of adjustment are. We construct several measures of welfare sensitivity and use them to analyze the welfare impacts arising in a simulation of second-best, agri-environmental policies.


Issue Date:
2001-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31041
Published in:
Journal of Agricultural and Resource Economics, Volume 26, Number 2
Page range:
368-386
Total Pages:
19




 Record created 2017-04-01, last modified 2017-08-24

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