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Regulatory policy design for agroecosystem management on public rangelands
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Melkonyan, Tigran A. and Taylor, Michael H. (2013) Regulatory policy design for agroecosystem management on public rangelands. American Journal of Agricultural Economics, 93 (3). pp. 606-627. doi:10.1093/ajae/aas170 ISSN 0002-9092.
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Official URL: http://dx.doi.org/10.1093/ajae/aas170
Abstract
This paper develops a model to analyze regulatory design for agroecosystem management on public rangeland. We define and compare the efficiency of the most prominent regulatory instruments on public rangeland--input regulation, cost-sharing/taxation, and performance regulation. We show that given informational asymmetries between ranchers and regulators within federal land management agencies, performance regulation can achieve first-best outcomes when regulators can perfectly monitor ranch-level ecological conditions and do not face constraints due to budget limitations or restrictions on the level of penalties they can assess, but that under imperfect monitoring and/or budgetary/penalty constraints, input regulation and cost-sharing/taxation can dominate performance regulation.
Item Type: | Journal Article | ||||||
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Subjects: | S Agriculture > S Agriculture (General) | ||||||
Divisions: | Faculty of Social Sciences > Warwick Business School > Behavioural Science Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Ecosystem management, Range management, Range ecology, Public lands -- Management, Agriculture -- Environmental aspects, Agricultural ecology -- Government policy | ||||||
Journal or Publication Title: | American Journal of Agricultural Economics | ||||||
Publisher: | Wiley-Blackwell Publishing, Inc. | ||||||
ISSN: | 0002-9092 | ||||||
Official Date: | April 2013 | ||||||
Dates: |
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Volume: | 93 | ||||||
Number: | 3 | ||||||
Page Range: | pp. 606-627 | ||||||
DOI: | 10.1093/ajae/aas170 | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Access rights to Published version: | Restricted or Subscription Access |
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