Land Heterogeneity, Agricultural Income Forgone and Environmental Benefit: An Assessment of Incentive Compatibility Problems in Environmental Stewardship Schemes

Robert Fraser

Journal of Agricultural Economics, 2009, vol. 60, issue 1, 190-201

Abstract: This paper examines the issue of incentive compatibility within environmental stewardship schemes, where incentive payments to farmers to provide environmental goods and services are based on foregone agricultural income. The particular focus of the paper is land heterogeneity, either of agricultural or environmental value, leading to divergence between the actual and socially optimal level of provision of environmental goods and services. Given land heterogeneity, such goods and services are likely to be systematically over‐ or under‐provided in response to a flat rate payment for income foregone.

Date: 2009
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https://doi.org/10.1111/j.1477-9552.2008.00183.x

Related works:
Working Paper: Land Heterogeneity, Agricultural Income Forgone and Environmental Benefit: An Assessment of Incentive Compatibility Problems in Environmental Stewardship Schemes (2008)
Working Paper: Land Heterogeneity, Agricultural Income Forgone and Environmental Benefit: An Assessment of Incentive Compatibility Problems in Environmental Stewardship Schemes (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jageco:v:60:y:2009:i:1:p:190-201

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