@article{Cacho:6007,
      recid = {6007},
      author = {Cacho, Oscar J.},
      title = {Carbon markets, transaction costs and bioenergy},
      address = {2008},
      number = {419-2016-26599},
      series = {Conference Paper},
      pages = {17},
      year = {2008},
      abstract = {Payment for carbon sequestration by agriculture and  forestry can provide incentives for adoption of
sustainable  agricultural practices. However, a project involving  contracts with farmers may face high
transaction costs in  showing that net emission reductions are real and  attributable to the project. This
paper presents a model of  project participation that includes transaction and  abatement costs. A project
feasibility frontier (PFF) is  derived, which shows the minimum project size that is  feasible for any
given market price of carbon. The PFF is  used to analyse how the design of a climate  mitigation
program may affect the feasibility of actual  projects.},
      url = {http://ageconsearch.umn.edu/record/6007},
      doi = {https://doi.org/10.22004/ag.econ.6007},
}