MARKETABLE POLLUTION RISK: A POTENTIAL POLICY FOR AGRICULTURE

J. Kojo Aihoon, Jan A. Groenewald and Helmke J. Sartorius von Bach

Agrekon, 1995, vol. 34, issue 4

Abstract: Pollution reduces society's welfare, and efforts to minimise it may be costly. The "polluter pays" principle can be used to determine optimum levels where marginal gains of abatement equal marginal cost. It is possible to involve insurance for this purpose; there are reasons to expect pollution insurance to be more efficient than most other proposals. However, compulsion is needed for such a market to develop, and to forestall non-insurance and default by polluters.

Keywords: Agricultural and Food Policy; Marketing (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:ags:agreko:267845

DOI: 10.22004/ag.econ.267845

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