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The Economics Of Co-Permitting

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  • Lichtenberg, Erik

Abstract

State and federal regulators have been considering making livestock integrators jointly responsible with growers for waste disposal. We show that joint responsibility will generally be efficient when contracts are structured to address problems of grower moral hazard. But joint responsibility for waste disposal will also redistribute income from growers to integrators.

Suggested Citation

  • Lichtenberg, Erik, 2004. "The Economics Of Co-Permitting," 2004 Annual meeting, August 1-4, Denver, CO 19976, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:19976
    DOI: 10.22004/ag.econ.19976
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    References listed on IDEAS

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    6. Tracy R. Lewis & David E. M. Sappington, 2001. "How Liable Should a Lender Be? The Case of Judgment-Proof Firms and Environmental Risk: Comment," American Economic Review, American Economic Association, vol. 91(3), pages 724-730, June.
    7. Pitchford, Rohan, 1995. "How Liable Should a Lender Be? The Case of Judgment-Proof Firms and Environmental Risk," American Economic Review, American Economic Association, vol. 85(5), pages 1171-1186, December.
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    Environmental Economics and Policy;

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