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Economic Growth and Agriculture: An Evaluation of the Compensation Principle

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  • E. C. Pasour

Abstract

The feasibility of a program to insure farmers against losses due to economic growth is explored. Adjustment problems in agriculture are similar to those of other sectors. The feasibility of a general compensation policy to insure farmers against losses due to economic progress is questioned on practical and theoretical grounds.

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  • E. C. Pasour, 1973. "Economic Growth and Agriculture: An Evaluation of the Compensation Principle," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(4_Part_1), pages 611-616.
    • Handle: RePEc:oup:ajagec:v:55:y:1973:i:4_part_1:p:611-616.
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    File URL: http://hdl.handle.net/10.2307/1238346
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    Cited by:

    1. Paul Simshauser & Tim Nelson, 2012. "The second‐round effects of carbon taxes on power project finance," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 4(2), pages 104-127, May.
    2. Rausser, Gordon C. & Zilberman, David D., 1981. "Public research in agriculture: an alternative institutional framework," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1b73b3jj, Department of Agricultural & Resource Economics, UC Berkeley.
    3. Simshauser, Paul, 2017. "Monopoly regulation, discontinuity & stranded assets," Energy Economics, Elsevier, vol. 66(C), pages 384-398.

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