Designing Regulatory Policies for Complex Externalities: The Case of Agricultural Pollution
Athanasios Kampas (),
Katerina Melfou and
Agricultural Economics Review, 2013, vol. 14, issue 2, 14
The paper examines the issue of designing and implementing policy measures to control complex agricultural externalities. Complex externalities refer to the situation where a production (firm on firm) externality coexists with a detrimental (firm on society) externality. The paper identifies the optimal solution for complex externalities, which is a combination of spatially differentiated taxes. However, severe information requirements render the first-best policy infeasible. Finally, a likely voluntary scheme based on firm self-report is examined which may enforce firm compliance with the optimal policy.
Keywords: Agricultural and Food Policy; Financial Economics (search for similar items in EconPapers)
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Working Paper: Designing Regulatory Policies for Complex Externalities: The Case of Agricultural Pollution (2012)
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