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The Welfare Sensitivity Of Agri-Environmental Instruments

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  • Horan, Richard D.
  • Claassen, Roger
  • Howe, Lance

Abstract

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.

Suggested Citation

  • Horan, Richard D. & Claassen, Roger & Howe, Lance, 2001. "The Welfare Sensitivity Of Agri-Environmental Instruments," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(2), pages 1-19, December.
    • Handle: RePEc:ags:jlaare:31041
    DOI: 10.22004/ag.econ.31041
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    References listed on IDEAS

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    Cited by:

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    2. Salhofer, Klaus & Schmid, Erwin & Streicher, Gerhard & Schneider, Friedrich, 2003. "Testing For Efficiency: A Policy Analysis With Probability Distributions," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25891, International Association of Agricultural Economists.

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    Environmental Economics and Policy;

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