@article{Aihoon:54910,
      recid = {54910},
      author = {Aihoon, John Komo and Groenewald, Jan A. and von Bach,  Helmke J. Sartorius},
      title = {THE POTENTIAL USE OF POLLUTION INSURANCE AS ENVIRONMENTAL  POLICY: AN EMPIRICAL ANALYSIS},
      journal = {Agrekon},
      address = {1997-06},
      number = {346-2016-16095},
      pages = {22},
      year = {1997},
      abstract = {Market-based environmental policies have been forwarded as  alternatives to current pollution
control policies.  Implementation of the "polluter pays" principle and  governmental enforcement
of pollution clean-up have led to  astronomical environmental liabilities and clean-up  costs,
which may threaten the survival of many productive  ventures, unless producers can spread
pollution risk  through insurance. An emission constrained target MOTAD LP  (TMLP) model
showed that pollution insurance for irrigation  farmers can be a feasible and efficient solution  to
agricultural salinization problems in the Loskop Valley,  and fairly low salinity standards with
pollution insurance  will still be reconcilable with profitable farming.  Pollution insurance
appears to hold promise for applying  the "polluter pays" principles also to non-point  pollution.
Site specific studies are needed for pollution  policy, and more research is needed on  pollution
standards.},
      url = {http://ageconsearch.umn.edu/record/54910},
      doi = {https://doi.org/10.22004/ag.econ.54910},
}