Private Responses to Public Incentives for Invasive Species Management
Ram Ranjan and
Edward Evans ()
Farm and Business - The Journal of the Caribbean Agro-Economic Society, 2007, vol. 07, issue 1, 24
In this paper the impact of public policies such as subsidies and taxation on invasive species management is explored in a Markov chain process framework. Private agents react to public incentives based upon their long term expected profits and have the option of taking measures such as abatement, monitoring and reporting. Conditions for perverse incentives are derived. The impact of sequencing of taxation and subsides on spread of risks is explored. One key finding of this paper is that excessive regulation may sometimes exacerbate the invasive species problem
Keywords: Agricultural and Food Policy; Agricultural Finance; Environmental Economics and Policy; Research Methods/ Statistical Methods (search for similar items in EconPapers)
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Working Paper: Private Responses to Public Incentives for Invasive Species Management (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:fabtho:36802
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