Title

Alternative Green Payment Policies When Multiple Benefits Matter

Campus Units

Economics, Center for Agricultural and Rural Development

Document Type

Article

Publication Version

Submitted Manuscript

Publication Date

9-15-2016

Journal or Book Title

Agricultural and Resource Economics Review

Volume

33

Issue

1

First Page or Article ID Number

148

Last Page

158

DOI

10.1017/S1068280500005700

Abstract

This study investigates the environmental impacts of several forms of policies that offer farmers subsides in return for the adoption of conservation tillage. The policies differ as to whether the tillage practice or one of several environmental benefits is targeted. We develop an Environmental Lorenz Curve which fully represents the performance of the targeting policies, and show that this curve can be directly used to help select the optimal targeting strategy for special classes of social welfare functions. The model is applied to the state of Iowa.

Comments

This is a working paper of an article from Agricultural and Resource Economics Review, 33(1); 2016; 148-158. DOI: 10.1017/S1068280500005700.