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An Analysis of Policy Alternatives for Pivotal Externalities

Author

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  • Weinberg, Marca J.
  • Kling, Catherine L.
  • Wilen, James E.

Abstract

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.

Suggested Citation

  • Weinberg, Marca J. & Kling, Catherine L. & Wilen, James E., 1991. "An Analysis of Policy Alternatives for Pivotal Externalities," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271265, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271265
    DOI: 10.22004/ag.econ.271265
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    References listed on IDEAS

    as
    1. Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249.
    2. Bird, Peter J. W. N., 1987. "The transferability and depletability of externalities," Journal of Environmental Economics and Management, Elsevier, vol. 14(1), pages 54-57, March.
    3. Wichelns, Dennis & Nelson, Daniel, 1989. "An empirical model of the relationship between irrigation and the volume of water collected in subsurface drains," Agricultural Water Management, Elsevier, vol. 16(4), pages 293-308, November.
    Full references (including those not matched with items on IDEAS)

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